Family paying down debt ends up in deeper than before - KMSP-TV

Family paying down debt ends up in deeper than before

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ATLANTA -

A debt consolidator responsible for helping people climb out of debt has closed down. And, when their doors shut, so did their communications with consumers who trusted them with their money.

The I-Team's Dana Fowle has the story from a local woman who is now left asking, ‘What do I do now?' She's from a young family who went to a debt consolidator to ask for help. After months of payments, the family is now deeper in debt than when they started.

Attorney David Merbaum has lots of experience in these cases and here's a list of things to consider:

Make sure you get a copy of every check that the consolidator is sending on your behalf.

Better yet, he says, after the consolidator negotiates the deal for you, write the check yourself.

Do not sign over your Power of Attorney to the consolidator. This takes the debtor out of direct contact with the credit and that's dangerous.

CLICK ON THE VIDEO ABOVE TO WATCH DANA'S REPORT!

More info:
Atlanta Bar Association's Legal Referral Phone Line - 40 527 0777

CredAbility web site
Atlanta Bar Assdociation: Lawyer Referral and Information Service



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