GRAND RAPIDS, Mich. A recent study from the Better Business Bureau (BBB) found companies that promise to reduce a persons debt or improve their credit often fail those consumers.
These companies are supposed to be following federal regulations, and a lot of them are slipping under the radar, said Katie Grevious, marketing and communications manager with the BBB of Western Michigan.
Grevious explains that debt relief and credit repair companies often advertise quick and extensive fixes for low scores or past due bills, but the BBBs analysis revealed a much more limited ability to enact change than implied. According to the study, of those who entered settlement plans, nearly half dropped out before finishing payment.
Additionally, the …
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