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 thi...
"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...
What to know first: The best debt relief companies can help you settle at least $7,500 of debt for a reasonable fee and give you tools to help get your finances back on track. Debt relief programs typically also include some combination of credit counseling, debt consolidation and debt ...
Debt Relief Options: Includes settlement, consolidation, and counseling, each with specific benefits and requirements. Eligible Debts: Programs cover unsecured debts (credit cards, medical bills) but usually not secured debts (mortgages). Trusted Providers: National Debt Relief and others offer plans to...
What are the tax implications of debt relief programs? It can be a great relief when your debt is settled. However, your troubles are not completely over until you pay Uncle Sam. If you reduce your debt by $600 or more, the IRS may consider it taxable income. From the example above,...
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...
Are debt relief programs safe? There are many reputable debt relief programs available, but there are some red flags to look for when trying to avoid potential scams. In particular, you should be wary of debt relief companies that contact you via unsolicited phone calls or pressure you to sig...
Debt relief scams to watch out for Debt relief options to avoid MORE LIKE THISMaking MoneyPaying Off DebtPaying Your BillsPersonal Finance Do you feel as if you're just not making progress on your debt, no matter how hard you try? If that's the case, it could be time to consider your...
Debt Relief Programs – What Are They and Do They Really Work? Read More How to Protect Yourself from Credit Card Scams Read More What Are The Best Credit Cards For Balance Transfers? Read More How to pay off $50,000 in Credit Card Debt Read More Debt Relief Programs – What ...
He is a financial writer and offers advice on various debt management programs and debt relief scams. He can be contacted at jackrd3 AT gmail DOT com Many people who are immersed in hefty debts look out for some quick and easy solutions to solve their debt issues. In such a situation,...