InstantBadDebtConsolidation.com Cautions Against Unscrupulous Debt Consolidation Services
Mendham, NJ 10/09 - InstantBadDebtConsolidation.com is issuing a warning to consumers about the existence of unscrupulous debt consolidation services that are not actually working to help customers get out of debt. Instead, these services are encouraging their customers to take on even more debt while only paying a part of the original amount off.
Credit card debt has gotten out of control in many parts of the world. More and more people are finding themselves unable to even keep up with the minimum monthly payments on their credit cards, let alone make any real headway. Debt consolidation may be the perfect solution to help these individuals get rid of their high interest credit card debt by taking out a single, lower interest loan and using the funds to pay off their outstanding balances. This leaves them with a single, lower monthly payment and more cash on hand to take care of their immediate needs.
Some debt consolidation services are encouraging their clients to take out loans for amounts larger than they need for paying off their outstanding debts in order to collect more interest on the loans.
For more information about how debt consolidation can help them get out of debt faster, individuals may visit http://www.InstantBadDebtConsolidation.com. For more information about the content of this press release, members of the press may contact:
Justin Harrison Marketing
+1 (973) 552-4571
Mendham, New Jersey, USA
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