Subprime mortgages are in the spotlight, but credit card debt has not subsided. Last quarter credit card grew at a rapid 9.3%. For many families, tricks and traps pricing will mean a debt treadmill that will keep these families making payments forever. As struggling families look for a way to get off the debt treadmill without declaring bankruptcy, they run into a new industry: Debt settlement companies.
This is a companion discussion topic for the original entry at https://talkingpointsmemo.com/?p=1250817