Many Americans are desperate to relieve their overwhelming debt burdens. Often they turn to unscrupulous settlement firms, which only make matters worse. But there are plenty of better options for whipping your debt into a manageable condition.
Many troubled homeowners in HAMP, the federal foreclosure relief program, end up losing their property anyway. Banks gain the most by delaying repossessing houses they can't sell, while collecting more monthly payments from strapped borrowers.