How can I protect myself from fraudulent debt relief companies?

Protecting yourself from fraudulent debt relief companies in Washington is an important step to take if you are considering debt relief. To ensure that you are working with a legitimate company, there are several steps you should take before enlisting the services of a debt relief company. First, contact the Washington Department of Financial Institutions to determine if the debt relief company is properly licensed. It is illegal for debt relief companies to operate in Washington without proper licensing. Additionally, you should look into the company’s history. Check to make sure the company has not been the subject of a lawsuit or had any complaints filed against them. You should also carefully read the contract before signing. Make sure you understand the fee structure, what services are being provided, and any associated risks. If the company does not provide this information, you should proceed with caution. Additionally, you should not pay for any debt relief services until after they are provided. Finally, do not be fooled by a company’s promises to erase all your debt. Debt relief companies can only help you manage your debt and make arrangements to pay it off. If a company promises to get rid of your debt in exchange for a large upfront payment, you should walk away and contact the authorities. By taking these steps, you can protect yourself from fraudulent debt relief companies in Washington.

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How can I protect myself from fraudulent debt relief companies?

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