Better Business Bureau warns against credit repair and debt relief companies that offer big promises – WDBJ

ROANOKE, Va. (WDBJ) – A new Better Business Bureau study finds that as people in North America struggle to pay trillions of dollars in debt, some are turning to companies promising to help reduce their bills or fix their credit scores. Some of these companies make big promises but rarely deliver, leaving people further in debt.

The 2023 BBB study, Credit Repair and Debt Relief, revealed a pattern of misleading and sometimes fraudulent claims. From 2020 to June 2023, $2.4 million was lost to these scams. BBB also received more than 11,000 complaints and over 1,000 negative reviews about debt and credit assistance. Predatory debt relief, consolidation, and credit repair companies advertise quick and easy fixes for low credit scores, but th…

Read the full article at: https://www.wdbj7.com/2023/09/07/better-business-bureau-warns-against-credit-repair-debt-relief-companies-that-offer-big-promises/