So I was reading that Credit Solutions of America is getting some heat from the Texas Attorney Generals office and some others. I’m not quite sure what is going on there yet, but time will tell… is it a case of them getting too big and inevitably getting hit? We’ll have to see. Either way, they are still the largest debt settlement company that exists and they have over 84,000 clients. Apparently they have 1,400 complaints again them through the BBB, but they have settled a large amount of them.

Ya know, what they offer people is a way to avoid bankruptcy and actually make good on their past debts for a lot less than what they owed. You can’t know the whole story on these things so I wouldn’t totally right them off yet.

Just as there is bad press on them right now, there is also some good press too. Check this out:

http://www.reuters.com/article/pressRelease/idUS206188+07-May-2009+BW20090507

One thing I found interesting about Credit Solutions was that the original Founder, Doug Van Arsdale, sold the company in 2006 and then actually bought it back a year later when he was dissatisfied with how it was being run. Perhaps during that short period of time much of the damage could have been done that we are seeing coming to a head today.

So, if you are looking for debt relief, proceed with caution with any of the debt management companies out there, but don’t hesitate to talk with them altogether. You just have to find the one that you feel is the best fit to get rid of your credit card debt once and for all. And the only way you are going to do that is to just fill out their form and see what they have to say.