It seems everyone out there is working to rack their debt up to record levels lately. With that development, we're also starting to see a boom in the number of debt settlement companies hanging out a shingle in an effort to attract new customers.
Those working in credit counselor positions say their service is primarily about financial rehabilitation, not the quick fix being promoted by a lot of new debt settlement companies operating in Canada. In reality, the "solutions" promoted by debt settlement organizations, often require you to push your accounts into default before settling. The process isn't a quick one and, arguably, it isn't much of a fix either.