Millions of American are in debt, but debt relief companies have their own issues. American consumers hold more than $16 trillion of debt in the form of mortgages, credit cards, personal lines of credit, home equity lines of credit, student loans and personal loans. When emergencies strike or monthly paychecks dont always cover bills, countless credit repair and debt relief companies offer to help.
However, the Better Business Bureau has received more than 11,000 complaints about debt and credit assistance. These reports reveal a pattern of misleading and sometimes fraudulent claims, especially among a group of companies headquartered in the American west. While their contents vary, consumers talked about higher-than-expected fees, …
Read the full article at: https://www.newportnewstimes.com/business/a-mountain-of-debt-can-credit-and-debt-assistance-companies-help/article_47ce4128-84d9-11ee-9e65-b776531a37f2.html