The credit card debt settlement industry made upwards of 17 billion dollars in over limit and late fees last year and it will be horrifyingly higher this year. Now I am sure that it has happened to you, where you’ve gone and open your monthly credit card bill only to find out that your interest rate has almost doubled or even tripled. It is hard enough to try and keep up with 8% or even the 7.9 % interest that they are charging on your credit cards.