How much should you worry about the presence of fraudulent debt settlement companies in the market? Well, given a chance, there are many individuals who would try to earn their money by cheating others than by doing it honestly.
However, most of us remain honest because we do not appreciate the negative consequences involved.
To be a con man requires a very thick skin.
More often than not, we are very sensitive about what others think of us and how society sees us.
However, there is no denying that each and every profession and business has its share of con men and fraudulent service providers.
It would be very pertinent to point that even credit card issuers were in the dock until recently for using muscle tactics by employing debt collection agency to intimidate their borrowers.
It was only when the government stepped in and clearly stated that such behavior was not to be tolerated that the credit card issuers started focusing on customer satisfaction.
In the same way, the automobile industry was rocked by scandals which clearly showed that customer safety and interest was being relegated to the second position.
Again, public outcry and government regulation ensured that the imbalance was corrected.
The situation is no different in case of debt settlement industry as well.
The industry is a very lucrative one and is helping hundreds and thousands of individuals to overcome their debt problems.
However, it is completely unregulated and that is the reason why a large number of fraudulent service providers are present.
If you want to wait until government regulates this industry, you might as well file for bankruptcy today because it is going to take a very long time.
There are many lobbies at work and you will have to patiently wait for the regulation to come in.
Even then, you cannot afford to rely completely on the government and not be vigilant.
At the end of the day, it is your vigilance that is going to matter.
Why don't you make use of online resources that help you separate genuine companies from fraudulent companies? If you are too lazy to search for these resources, then you have no business searching for something as profitable but risky as debt settlement.
Check out various resources online for more assistance.
Settlement will work for you only if you are keen on correcting your past mistakes and overcoming your problem.
However, most of us remain honest because we do not appreciate the negative consequences involved.
To be a con man requires a very thick skin.
More often than not, we are very sensitive about what others think of us and how society sees us.
However, there is no denying that each and every profession and business has its share of con men and fraudulent service providers.
It would be very pertinent to point that even credit card issuers were in the dock until recently for using muscle tactics by employing debt collection agency to intimidate their borrowers.
It was only when the government stepped in and clearly stated that such behavior was not to be tolerated that the credit card issuers started focusing on customer satisfaction.
In the same way, the automobile industry was rocked by scandals which clearly showed that customer safety and interest was being relegated to the second position.
Again, public outcry and government regulation ensured that the imbalance was corrected.
The situation is no different in case of debt settlement industry as well.
The industry is a very lucrative one and is helping hundreds and thousands of individuals to overcome their debt problems.
However, it is completely unregulated and that is the reason why a large number of fraudulent service providers are present.
If you want to wait until government regulates this industry, you might as well file for bankruptcy today because it is going to take a very long time.
There are many lobbies at work and you will have to patiently wait for the regulation to come in.
Even then, you cannot afford to rely completely on the government and not be vigilant.
At the end of the day, it is your vigilance that is going to matter.
Why don't you make use of online resources that help you separate genuine companies from fraudulent companies? If you are too lazy to search for these resources, then you have no business searching for something as profitable but risky as debt settlement.
Check out various resources online for more assistance.
Settlement will work for you only if you are keen on correcting your past mistakes and overcoming your problem.
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