Common Debt Settlement Scams & How to Avoid Them
Debt settlement scams are widespread, often involving upfront fees, false promises of quick debt relief, and high-pressure tactics. These fraudulent companies prey on vulnerable individuals seeking financial help. To avoid falling victim, never pay upfront fees, research the company’s reputation, and set realistic expectations for debt resolution. Always verify credentials, read contracts thoroughly, and consult with a financial advisor or nonprofit credit counselor. Stay vigilant, protect yourself, and make informed decisions to secure legitimate debt relief.