Debt relief options, such as negotiating directly with creditors, getting on a debt management plan or filing for bankruptcy can help eliminate your debt or make it easier to repay. What is debt relief? The term "debt relief" can mean many different things, but the main goal of any debt ...
The procedure to dispute the debt. If a collector withholds this information or fails to provide it immediately, this may be a sign of a scam. Even if it’s not outright fraud, a debt collector has no right to take your money if they cannot validate the debt. ...
Unrealistic "Quick Fix" Promises: Any claim to erase debt instantly or without effort is likely a scam. High-Interest Payday Loans: These loans may offer immediate relief but can trap you in a cycle of mounting interest and fees. Skipping Payments as a Strategy: Missing payments to prioritize...
For example, avoid debt settlement offers that “guarantee” they'll be able to settle your debt, as it could be a scam. They may also advise you to stop paying your credit card bill — even the minimum amount due — which could lead to late fees, accumulated interest charges, and a...
Is Motley Fool a scam? Not in the least. When you have such high returns, it looks like the Motley Fool is too good to be true. However, it is a legitimate company with over 700,000 subscribers and 250+ employees. Am I guaranteed to make money?
How Debt Affects Your Mental Health and Ways to Cope: Paying off debt can be a long-term endeavor if you have steep high-interest balances. But it’s important to keep things in perspective and take care of your health. What Is Auto Loan Refinancing?: Understand how refinancing your auto...