Yellow Brick Debt Consolidation

The information that I can find is that they are a debt settlement company, not a debt consolidation company. I would not use a company if I was going to settle. They will tell you to stop making payments, and send them the money, part of which they take as a fee. They cannot shield you from lawsuits, and the effects of judgements. From what I have read of using debt settlement companies, you end up with much worst credit, and with monthly fees (they charge you just to hold your money in their bank), and the percentage you pay them, It is often more expensive than saving the money yourself, and settling when you can afford it. This is just my opinion, but I don't see the point in paying someone an excessive fee for a service that you can do yourself. All it takes is some common sense, and a lot of nerve to deal with the aggravation. And there is no guarantee that you will even be able to settle any of the debts.

Yes they are a Debt Settlement company NOT Debt Consolidation. They also take their fees up front which is a big red flag. There are companies out there that take their fee on the back end. Also, there are several DIY programs that can help you too.

Take a look at my blog for things to look for when choosing a Debt Settlement company.