There are many hideous debt companies that charge customers more than the actual price for their services, which at times is not reliable, troublesome, and cause customers to land themselves more in debts rather than to get out of it. Now that this malpractice has come into the limelight, many US states are crackling down on these cheating debt settlement firms. New York State’s attorney General, Andrew Cuomo, announced an investigation that had many companies charged with cheating, already trapped customers, with sky high prices. The following names that are given below are companies that have been cracked down on by the state, as per customer complaints.

1. American Debt Foundation Inc.
2. American Financial Service
3. Consumer Debt Solutions
4. Credit Answers L.LC
5. Debt Remedy Solutions L.L.C
6. Debt Settlement America
7. Debtmerica Relief
8. Debt Settlement USA
9. DMB Financial L.L.C
10. Freedom Debt Relief
11. New Era Debt Solutions
12. New Horizons Debt Relief Inc
13. Preferred Financial services Inc.
14. U.S Financial Management Inc.
15. Allegro Law.

All these companies have been issued subpoenas by respective state attorney generals, so that their infrastructure, their charges, their customer base and if their advertisement policies are really implemented for customers or no. Once all these information are gathered, then a lawsuit will be filed against them by Andrew Cuomo.

Now with the increase in debt related problems, there are also as much companies springing up claiming to provide debt consolidations, or debt relief which in actual is just a profitable business for these companies. More than 2000 companies alone provide debt relief options, but there are a very few of them who actually help out customers. The rest are all money monger gurus, who play with people’s already weak economy. To avoid all these hassles, it is best that you read each document carefully before signing for any deal, and before venturing to be a part of any company gain information about them from legal attorneys, research and investigate thoroughly. And always plan your strategies effectively, for a proper way to handle your debt problems.

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