06/19/2010 09:14 am ET Updated May 25, 2011

Debt Settlement Firms Peddle Relief But Actually Put Debtors In Deeper Hole

For the companies that promise relief to Americans confronting swelling credit card balances, these are days of lucrative opportunity.

So lucrative, that an industry trade association, the United States Organizations for Bankruptcy Alternatives, recently convened here, in the oceanfront confines of the Four Seasons Resort, to forge deals and plot strategy.

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