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The Psychology of Debt and Debt Settlement Companies

April 23, 2013

By D. P. Welbanks

An article on Margaret Johnson’s blog rattled a few skeletons in my closet. It begins by resurrecting an old nemesis from my days as the Director of Debt Collection in British Columbia in the 1990s, namely Debt-Settlement Companies. A prudent consumer who might carry a burdensome load of debt would first ask the question, is this company licensed?

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