Companies

Q: I keep getting telephone messages from a company that says I can get a 3 month break from paying my credit cards. They also say that I can settle my debts with my creditors and get out of debt sooner. It sounds great, but why would my creditors go along with this?

Clear Blue Debt Solutions and Synergy Debt Group are the new face of the infamous Vortex Debt Group. The employees, management team, owners and offices are still the same as when Vortex was running in June 2011 - only now they call themselves Wav Services Team.

Q: I keep hearing and seeing ads from companies that claim to be able to settle your debts for a lot less than what you owe. I’m up to date on my bills but if I can get out of debt for less than half of what I owe and my creditors will accept this plan, what’s to lose?

Last week we heard an American debt settlement company advertise on a Canadian radio station. In their radio ads, this company said it could help people who are struggling with debt, but they never mentioned the name of their company. We thought this was strange, so I gave them a call to find out who they are and how they are offering to help people. Here is what Sandy, their representative, said they could do for me:

What they told me