Debt relief changes the terms or amount of your debt to help you pay it off. Learn the pros and cons of bankruptcy, debt management and other relief options.
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...
If a debt relief company tells you to stop contacting your creditors, there’s a good chance they’re trying to scam you. 📚 Related: What Can Scammers Do With Your Bank Account Number? → What To Do if You’re the Victim of Loan Fraud ...
In one scenario, for which the IRS has already sent several warnings, a scammer will use your Social Security number to file a tax return in your name and then claim the refund. The biggest red flag in this scam is being pressured to act quickly. In actuality, the IRS will give you t...
Millions of Americans are struggling to pay off their student loans and desperate to find a way to lower those monthly payments. Scammers know this, so they've created phony student loan "debt relief" companies that promise to help—for a price. ...
I should’ve known the contract I signed was abusive at best, and most likely a scam (but I didn’t). Yet my failure to recognize those things when it mattered does NOT mean they aren’t real. I look at student loan cancelation as restitution to fraud victims. The fraud in this ...
If you’re struggling financially and considering debt restructuring, it may be helpful to hire a debt relief company to negotiate on your behalf. But beware: There are scammers who prey on financially vulnerable families.2 Example of Debt Restructuring ...
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Next ArticleLoanQuo Review: Is Loaquo’s Direct Mail Offer Legit or a Scam? Ed "Once Upon A Time" Miles Ed Miles is a well-known personal financial strategist. He has written over 200 articles for Crixeo.com on the subject matter of debt relief and debt consolidation loans. He has aut...
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...