If there were ever another reason why you shouldn’t trust a debt consolidation company, this is it. There have been thousands of complaints made by consumers who are receiving automated phone calls saying, “Hi, this is Rachel calling from your credit card company. We can lower the interest you pay on your credit cards.”
Apparently, for the consumers that have attempted to gain more information, it turns out that these are recordings coming from unscrupulous debt consolidation companies who have no idea what credit cards this particular consumer owns. Instead, it’s just a mass marketing scheme. They do not honor the “do not call list” and they will not take your number off of their call lists. Be wary of these types of debt consolidation companies. If you are in need of assistance with the debt that you owe, then speak to a debt settlement attorney who can legitimately help you negotiate a reduction in the amount of debt that you owe.