There are quite a number of con companies that exist in the market.
This is directly correlated with the rising demand for settlement companies.
Since lot of people are going through a rough patch with regard to their finances, they do not bother or forget to make proper inquiries about the particular relief program.
This is where they commit a mistake and end up paying the price for it.
In the last couple of times, the Federal Trade Commission has sued more than dozen debt relief companies.
Reason for this is that they simply lie to consumers.
Along with this the FTC and IRS investigators have also found some counseling services that declare themselves to be non-profit when they are actually not so.
The non-profit ground can make a potential client feel confident about signing up for the service.
Some of the bad apples in this industry deceive people by overcharging them.
Sometimes they do not mention the fees at all, getting hold of you quite unawares.
Instead of running from pillar to post trying to accumulate authentic information on legitimate debt resolution firms, one easier option is to access the net for the purpose.
The net can easily provide you with detailed and comprehensive facts about these conciliation programs.
There are a number of relief networks as well as associations that are concerned with providing affiliation to these settlement programs.
It is important to note here that these associations do not give affiliation to any and every settlement company.
The Association of Settlement Companies (TASC) is a regulatory federal body which can enlighten you on the whole matter and also guide you through debt management.
So be very cautious of scam artists who can't deliver any of the services they promise to you.
If you believe them without running any background check on them, you could lose hundreds of dollars in fees and find yourself in worse financial shape.
The result could be devastating and you may owe just as much as when you started, probably additional late fees and other penalties to pay.