Silly Season 2025

Anybody know how those debt-relief and tax-relief organizations make money? What's the methodology and business model? And what's the downside for the customer? Anyone here ever deal with one of them?

Thanks for any coherent responses.
It's a for profit company. That should tell you all you should know. Plenty of credit counselors out there some of them are free. good place Nascar to advertise though I bet.
 
Basically, you as the customer, stop paying your bills. These organizations collect that $ from you instead into a separate bank account. Using whatever algorithms they use to determine when a good time is to negotiate a settlement on your account(s). And then pay so much a month out of said bank account is settled. They take a % from you based on the settlement amount, flat fee, it depends. Nothing that you cannot just do on your own.
 
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