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DIY Debt Settlement Myth #9: I Just Make One Monthly Payment And They Will Take Care Of Everything For Me

In October 22, 2012

This is the ninth in a series of posts discussing the most common myths about do-it-yourself debt settlement. In this post, I’ll discuss the myth that a traditional debt settlement approach provides peace-of-mind for consumers who enroll in such programs. What many consumers want is to be able to make a single monthly payment into their debt program, with the Read More …


  1. A very good article but it doesn’t take into account that the majority of customers are already delinquent when they seek the help of debt settlement companies. That being the case, it usually isn’t 6 months of inactivity unless the customer is needing that long to nest funds to attempt settlements.

    • Lee, please point me to any published data supporting your claim that a majority of debt settlement clients are already behind at time of enrollment.

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