Debt Settlement Companies Being Investigated For Fraud
Don’t be hooked by debt settlement companies that offer fast solution of settling your debt on your behalf. Watch the clip above.
The way these companies work to get customers to pay thousands of dollars upfront. Then a new account is created with that money, then take money out of your personal account. When the new account has enough money in it, the company claims it will negotiate with your creditors to pay down your debt. But in the meantime, your creditors are not getting paid and your interest rate could go up because of it. You could even be sued for non-payment.
Source: KWCH.com
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