Are you struggling with credit card debt and considering a debt relief service? There are companies out there offering to eliminate or reduce your debt for a fee, but not all of them are legitimate.
The Federal Trade Commission (FTC) recently announced settlements with operators of what they describe as deceptive debt relief scams. These companies were sued for allegedly taking tens of millions of dollars from people by falsely promising to eliminate or reduce credit card debt.
To protect yourself from falling victim to a debt relief scam, the FTC recommends following these tips:
- Don’t pay upfront. It’s illegal for a debt relief company to charge you a fee before they help with your debt. If a company asks for payment in advance, it’…
Read the full article at: https://www.nbcmiami.com/responds/how-to-protect-yourself-from-debt-relief-scams/3034940/