"A Sucker Born Every Minute": Avoid These Debt Consolidation Scams
The web communications revolution has provided many unprecedented opportunities for commerce – and unfortunately, quite a few opportunities for swindlers to prey on the gullible. This is as true for debt consolidation as for anything else. Here are some debt consolidation scams to stay away from:
1. “Free Debt Consolidation Services”
Why are these guys How are they making money? Do be aware, though, that cheap debt consolidation services are not always a rip-off, although it would be a good idea second look at anything that sounds too good to be true.
2. Consolidate Your Debts Using Free Government Grants
Yeah, right. The woods are thick with companies that about “free government grants”. Haven’t you heard? Uncle Sam is giving away money like candy (which explains our high taxes!). And you can use this money
3. “No Repayment Necessary”
I don’t quite know quite why I included this one, – if you can read then you’re probably too smart to fall for it. Anyway, here goes: Did you know that banking laws prohibit the charging the Supreme Court has backed this up with several decisions? You can borrow money, fail to pay it back, and then retain a smooth attorney to it back – after all, they had no legal right to lend you the money. Would you like to know how? Well, for the low, low
If you fall for this one then I’ve got some swampland in Florida I’d like to sell you sight unseen. Oh, and by the way, even if banking law of interest, you’d still have to pay back the principal.
Most debt consolidation swindles are see-through because they aim to take advantage of somebody in financial and Barnum said, “There’s a sucker born every minute”.
Теги: Banking, Debt, Debt consolidation, financial, free debt consolidation