Credit card debt may be taking over your savings.
But experts said before you turn to a debt relief program to help you pay it off, watch out for scammers.
The Federal Trade Commission said there are plenty of offers that may sound like a perfect solution, but not all of them are legitimate.
If something sounds too good to be true, it probably is, Gregory Ashe, senior staff attorney in the Federal Trade Commissions division of financial practices, told WTOP.
He said dishonest debt relief companies are out there looking for ways to take your money.
Know the red flags
If theyre trying to collect a fee in advance, just hang up the phone. If theyre making guarantees of how theyre going to lower your interest rate or wipe out your debt withou…
Read the full article at: https://wtop.com/business-finance/2024/03/being-aware-of-scams-while-paying-your-credit-card-debt/