More and more Pennsylvanians are swiping credit cards and finding themselves in too much debt for comfort. But when the debt collection companies start calling, most people don’t know what to do.
If you find yourself trying to get out of debt, it’s possible your phone will soon light up nonstop. Debt collection calls recently spiked 200% nationwide. If this happens, you’re far from alone.
Debt consolidation versus debt settlement
“I was a little worried because of some of my credit cards, the limits were getting a bit high,” said James Reinhardt. “So, I thought I would be proactive about it and try to consolidate them, and I contacted what I believed to be a consolidation company.”
He actually signed up with a debt settlement…