Whatever you think you know, whether it involvespaying off debt beliefs, the best way to save money, or anything else, you should think carefully about where you heard it and how reliable you consider that source. If you got financial advice from your unemployed uncle at Thanksgiving, that'...
these bad actors disguise themselves aslegitimate debt settlement companies(or "debt relief" companies) and offer to negotiate with your creditors on your behalf to reduce how much you owe.CNBC Selectexplains how debt relief scams work, how to recognize them and what you can do to avoid becomin...
How to avoid such scams? This is completely in the hands of the debtor. It is your duty to keep yourself aware of all these malpractices. Check if the company has a clean record of effective debt services. Discuss the company details with your friends and acquaintances and, if possible, ...
Debt consolidation scams are schemes that trick people into paying for services that are not effective. Scammers often promise to eliminate debt quickly and easily, but the reality is that debt consolidation takes time and effort. Fraudsters will typically ask for upfront payments, promise to ...
Avoiding Debt Consolidation Scams Are You Interested in Consolidating Debt? Creating a budget is essential to understanding your finances. ©iStockphoto.com In today's credit-crazy culture, life's necessities, such as a car, a home or an education, are often impossible to afford without lo...
The Federal Trade Commission’s How To Get Out of Debt: This FTC page teaches you how to exercise your rights under the Fair Debt Collection Practices Act and recognize debt-related scams and frauds. Studentaid.gov: You can have your federal student loans forgiven, canceled or discharged. Lea...
Scammers may also promise youdebt consolidationor debt forgiveness by claiming their loans will help you pay off your existing debt. They may pretend to be affiliated with legitimate institutions to appear trustworthy. These scammers will collect your money, but little to none of it will go towa...
Learn how to identify and avoid scam text messages. Explore tips to protect yourself from SMS scams & fake calls to safeguard your personal information effectively.
While paying debts so they don’t negatively affect your credit score is generally in your best interest, you might not want to reset the clock on old debt. If you’re not careful, you could reset the clock and open yourself up to legal action. You may want to avoid taking certain act...
What are the best steps consumers can take to reduce their dependence on debt and avoid accumulating high debt in emergencies or other unexpected situations? If a consumer decides to pursue debt consolidation, credit counseling or bankruptcy, what should they look for in the companies and professi...