How can I protect myself from fraudulent debt relief companies?

The first step to protecting yourself from fraudulent debt relief companies is to do your research. Before you sign a contract with any debt relief company, make sure to do an online search to ensure they are a legitimate company. You can do this by checking their Better Business Bureau rating, reading reviews, and looking for any complaints from customers. You should also be sure to thoroughly read and understand any contract you sign. Make sure you understand any fees charged, and if the company is promising anything too good to be true, it likely is. Debt relievers cannot provide you with a guaranteed debt reduction or settlement. Check to see if the debt relief company is registered with the Attorney General of Maine. In the state of Maine, any company offering debt relief services must be registered with the office. You can contact the Attorney General’s office for more information about a company. You should also be very wary of debt relief companies that require an upfront payment. Legitimate debt relief companies usually only require a fee after they have successfully settled or reduced your debt. Finally, make sure you keep all of your paperwork. Make sure to keep copies of any correspondence with a debt relief company in order to protect yourself. By researching a debt relief company and following these steps, you can protect yourself from fraudulent debt relief companies.

Related FAQs

Is debt relief law a better option than bankruptcy?
Is debt relief law only available for certain types of debt?
What happens if I choose to not use debt relief law?
How much does debt relief law cost?
Are there any hidden fees associated with debt relief law?
Is a debt relief law firm the same as a debt collection agency?
What is the difference between debt relief law and debt negotiation?
Is filing for debt relief law the same as filing for bankruptcy?
Can debt relief law help with medical bills?
Is debt relief law the same as debt consolidation?

How can I protect myself from fraudulent debt relief companies?

Related FAQs

Related Blog Posts