How to avoid debt relief scams, according to experts Want to use the services of a debt relief company but are hesitant about potential scams? Here's how experts suggest you get the help you deserve while also protecting yourself. Watch for upfront fees and pushy sales tactics The first t...
Those already seeking credit and debt relief are at a greater risk of falling victim to scams where fraudsters offer to negotiate lower debt payments or consolidate loans, the BBB said. That's because fraudulent schemes appear incredibly similar to legal debt and credit assistance companies. Nearly...
Because there are scams in the debt relief world, you should check the FTC list of companies and people banned from providing these negotiation or settlement services before you sign up for any program. Transparency is also a good indicator. If you can’t find vital information like how much...
"Debt relief scams are low-hanging fruit for financial predators. Desperate consumers in financial distress are easy targets for high-pressure sales pitches that promise guaranteed results as long you pay a hefty upfront fee. If you, a friend or a family member are contacted by a debt relief...
However, it’s important to be aware of debt relief and credit scams so that you don’t fall into a scammer’s trap. What do legitimate debt relief and credit repair companies do?One way to protect yourself from scams is to understand how legitimate debt relief and credit companies work....
October 7, 2023 Don’t Fall for Debt Relief Scams April 19, 2023 How Are SBA, EIDL, and PPP Loans Treated in a Bankruptcy? October 28, 2022 Busting the Biggest Bankruptcy Myths August 25, 2022 The Rise of Online Sports Betting and How Gamblers are Turning to Bankruptcy ...
Debt Relief Process: Negotiates lower payments with creditors, allowing faster debt resolution for a fraction of the owed amount. Debt Triggers: Inflation, hardships, overspending, medical bills, lack of emergency funds, divorce, and much more often lead to high credit card balances. Relief Option...
Debt Relief Process: Negotiates lower payments with creditors, allowing faster debt resolution for a fraction of the owed amount. Debt Triggers: Inflation, hardships, overspending, medical bills, lack of emergency funds, divorce, and much more often lead to high credit card balances. Relief Option...
My story is probably a lot like yours. I was once caught in the relentless cycle of the 9 to 5, each day blending indistinguishably into the next, each paycheck only a temporary relief from financial stress. However, I envisioned a different life for myself, one where I wasn’t tethere...
Steps to recognize and avoid debt-relief scamsMegan Workman