From the best-selling consumer book by Attorney Charles Jerome Ware, former Special Counsel to the Chairman of the United States Federal Trade Commission --- titled :
LEGAL CONSUMER TIPS AND SECRETS : Avoiding Debtors' Prison
in the United States
" * * * [I]t is important for the consumer to know that 'debt settlement' is not the same as 'debt consolidation.' More so than debt consolidation, debt settlement usually involves (I) unsecured debt, (ii) that generally will, to some degree, be 'charged-off' ( R-9 on your credit report), and(iii) that most likely will require that the consumer be issued a 1099 from the creditor on the debt that is settled. * * * "
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