My sister , against my advice, enrolled in a plan called Global Debt Management. She says it’s backed by the current federal administration to help people with too much credit card debt. She’s currently collecting worker’s compenation for an on the job injury and cannot pay her bills.
Is Global Debt Management a legitimate company or a ripoff? Are they funded by bail out funds set aside by the Obama Administration to help people with credit card debts?
If your sister was sold debt settlement services under the guise that it was some sort of government backed, government funded, debt stimulus plan, or Obama debt help program, she was lied to. There is no such thing.
In fact, Global Debt Management, which displays they are a member of TASC, would be an idiot for doing that since their trade association The Association of Settlement Companies (TASC) has sent out warning that plans marketed under the fiction of being a government program are bogus. See Examples of Deceptive Official Marketing Sent Out By Debt Settlement Companies to Trick Consumers. Some are Members of TASC & USOBA, for more information on this subject.
If she is on worker’s comp and can’t pay her bills she has no business being in a debt settlement plan, at all. You might want to suggest that she click here to find a local bankruptcy attorney and take a close look at bankruptcy.
Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.