"Lowering your debt for up to 50% less than what you owe - GUARANTEED." is a very appealing sentence that can catch anyone, who is struggling to pay off their debts, off-guard. Hundreds or even thousands of companies around the world claims they can do this with their own "
debt relief program".
But, take caution! Some debt relief companies who claims they are "non profit" are actually "for profit". And some companies can't even deliver what they have promised or will charge you more rather than help you get out of debt. If you want to avoid such cases, you have to follow these pre-cautions:
Determining if a debt relief company is non-profit or for profit.
To determine a non profit debt relief company one of their pages should mention or they should have an IRS 501(c) (3) non profit charitable organization status.
Avoid paying upfront fees
Most debt relief companies have no upfront fees due to the "
Credit Card Debt Relief Act". It is clearly stated that no agent or company who provides settlement
services can charge any upfront fees from its clients until and unless it has actually
solved the client's problems with a settlement.
So if a company charges you an upfront payment, stay away and quickly report them to
FTC.
Protect yourself
The only protection that you can have from the desecration of these cyber criminals is knowledge.
If you do your homework and do enough research on whatever you are engaging into you will avoid being scammed.
Don't just rush in and get excited because a representative just said your'e debt will be reduced for up to 50% off.
Calm down, and think. Remember that knowledge is the best defense and offense.
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contact us form.