Debt Relief Scams
released on January 7, 2017
found in newsletter: January 2017
Do Not Pay Up Front Fees for Debt Assistance!
If you’re struggling to make ends meet, there are non-profit credit counseling agencies in Maine who can help you figure out a debt relief plan. We discourage you from hiring a company that promises to help you get out of debt for a fraction of the cost and in record time. It simply doesn’t work that way. Many times consumers who get had by these scams are promised they can resolve a large amount of debt, say $20,000 for only $5,000 in record time if they pay regular monthly fees to a company who will do all of the leg work for them and negotiate with the debtors. Unfortunately, they only make a bad situation worse by taking your money for themselves and not distributing it to your creditors, which will further damage your credit score and may lead to lawsuits against you.
Original Press Release