Consumers with student loans should be on the lookout for fraudsters promising debt relief, the BBB warned in a recent study. (iStock)
Millions of Americans who find themselves underwater as monthly payments and interest stack up are increasingly seeking consolidation and debt repair companies to help ease their burden with little success, according to a recent study.
Debt relief and credit repair companies often advertise quick, extensive fixes for low scores or past-due bills. But these entities have a much more limited ability to enact change than they promise, according to a recent study from the Better Business Bureau (BBB). Additionally, nearly half of the consumers who entered settlement plans dropped out before fin…
Read the full article at: https://www.foxbusiness.com/personal-finance/debt-relief-scams-rise-bbb