How to Spot a Debt Relief Scam — the Red Flags the FTC Warns About
Legitimate help exists, but so do operations designed to take an upfront fee and disappear. Federal rules prohibit for-profit debt relief companies from charging fees before they actually settle a debt, so a demand for payment up front is one of the clearest warning signs. Other red flags include guarantees to erase debt, pressure to stop communicating with creditors, and refusal to put terms in writing. Knowing these patterns is the single best protection.
Staff Writer
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