Debt settlement companies that collect fees before settling debts, guarantee debt settlement or loan forgiveness, enroll clients without reviewing their financial situation, promise results from 'government' programs, advise stopping communication with creditors without explaining consequences, or claim they can stop all debt collection lawsuits are likely scams.

Authors

• Person: Not available Organization: Federal Trade Commission
  How To Get Out of Debt | Consumer Advice

Sources

• How To Get Out of Debt | Consumer Advice consumer.ftc.gov Federal Trade Commission via serper

Referenced by nodes (1)

• debt settlement company concept