Debt Relief Firms News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Debt, many may be tempted to look for a quick financial fix. shocking new report finds that some debt relief firms are tricking borrowers into paying up to $1,600 for access to programs that are supposed to be free. steve: that s the key part right there, the free part. personal finance expert dave ramsey joins us from nashville with more to avoid these debt consolidation dangerous. it sounds great. it s going to cost us something, but it shouldn t because it s a free program. well, absolutely. we call them debt consolidation loans because it s a con. it really is. student loan program is very simple. it s federally insured student loans. translation, you and i, we the people, have guaranteed the bank that if these loans go bad, we re going to pay them to the bank. so there is not a lot of programs because they re not going to discount these loans. there is some basic federal guidelines on things that if you get behind and you re in a hardship, you can defer student loans. ....

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