In today’s economy, Debt Relief Scams are popping up like mushrooms. They prey on people whose debt has become unmanageable and they always guarantee results. They will call you and promise they can lower the interest rate on your debt or reduce the amount you owe.
Some of them claim they can negotiate a settlement with all of your creditors. They promise that your monthly payments will drop significantly. However, their real aim is to get you to sign up so they can collect a fee, not to effectively complete the program. They’ll take anyone who can pay. These are master marketers and if you sign up with them without checking them out, you could lose a lot of money and still be in debt. Reportedly, the Federal Trade Commission has sued several fraudulent companies that have engaged in this type of con.
Debt Relief Scam artists may also claim to be nonprofit to make a potential client feel secure, when they actually operate for profit. Some scammers will not mention fees at all, or say there is no fee involved or just a small fee. Or the fee may turn out to be a referral fee to a company that may or may not be able to help you.
To people facing mounting debt, especially if they are intimidated by the prospect of negotiating with their creditors, the caller’s promises sound too good to be true. And of course it is, because it is a Debt Relief Scam.
The best way to deal with this type of call is to tell them that you will check them out with the Better Business Bureau or your local consumer protection office.
Facing mounting bills can be frightening, but getting debt relief should not be based solely on a sales call. You’ll want to use a company like Fast Track that will design a debt relief plan specifically for you.
Legitimate Fast Track experienced financial counselors will give you a free and objective assessment of your financial situation and will spend enough time with you to get a complete picture of your finances. Then, they will work with your creditors to help you get out of debt.
Contact us, using our secure connection, and please be assured that we will guard your privacy.