The Debt-Management Myth
Debt-management companies can't fix your debt problems
Debt-management companies can't fix your debt problems because they often have hidden fees and don't address the underlying issues. It's better to take control of your finances and create a plan to pay off your debt.
- Debt-management companies can't fix your debt problems
- They often have hidden fees
- It's better to take control of your finances and create a plan to pay off your debt
- Understand the risks of debt-management companiesLearn about the hidden fees and potential waste of moneyPro tipTake control of your finances insteadWarningDebt-management companies can't fix your debt problems
- Create a plan to pay off your debtCreate a plan to pay off your debt instead of relying on debt-management companiesPro tipDiversify your portfolioWarningDebt-management companies can't fix your debt problems
AmeriDebt was a debt-management company that was shut down by the Federal Trade Commission for deceptive practices. The company had hidden fees and didn't address the underlying debt issues.
Andris Pukke, the founder of AmeriDebt, was found guilty of federal charges of defrauding customers. He was ordered to pay $35 million in personal assets to settle with consumers.
Dave Ramsey has seen many people get ripped off by debt-management companies. He wants to warn others about the dangers of these companies.