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1. People also ask

   Is a debt relief company a scam?

   • If a debt relief company tells you to pay before it does any work for you, it's a scam. If you send your money to a debt settlement company instead of your credit card company, you are taking a risk. The payment might not get to your credit card company on time. You might get charged late fees. Read about different ways to cope with debt.

   Signs of a debt relief scam | Consumer Advice - Federal Trade Commissi…

   consumer.ftc.gov/consumer-alerts/2017/06/signs-debt-relief-scam

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   Are You a target for a debt relief scam?

   • If so, you could be the perfect target for a debt relief scam. Debt relief scammers steal money and sensitive information by offering vulnerable consumers precisely what they want—quick, guaranteed relief from debt—and they’re relentless in spreading their message.

   Debt Relief Scams: How to Identify and Avoid Them - Prosper

   www.prosper.com/blog/avoid-debt-relief-scams

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   How do I report a debt relief scam?

   • Report debt relief scams to the Federal Trade Commission, online or at 800-382-4357. The FTC and the U.S. Consumer Financial Protection Bureau offer background and advice on debt settlement, credit counseling and other ways to get out from under your financial liabilities.

   What You Should Know About Debt Relief Scams - AARP

   www.aarp.org/money/scams-fraud/info-2019/debt-relief.html

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   Do debt relief companies take your money?

   • Offers to help you cut down or wipe out your debt might sound like a perfect solution, but dishonest debt relief companies will take your money and do little or nothing to help. So how do you get real help and skip the scammers? If you’re having trouble keeping up with payments, it can help to make a budget.

   Carrying credit card debt? How to avoid debt relief scams

   consumer.ftc.gov/consumer-alerts/2024/03/carrying-credit-card-debt-how-avoid-debt-relief-scams

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2. www.ftc.gov › debt-relief-credit-repair-scamsDebt Relief and Credit Repair Scams | Federal Trade Commission

   www.ftc.gov › debt-relief-credit-repair-scams

   • Cached

   FTC Sends More than $3.3 Million to Consumers Harmed by Student Loan Debt Relief Scam (June 14, 2023) FTC Sends More Than $557,000 to Consumers Harmed by Credit Card Interest Rate Reduction Scam (May 22, 2023) FTC Stops Student Loan Debt Relief Schemes that it Says Bilked Students Out of Millions (May 8, 2023)

3. www.experian.com › blogs › ask-experianIs “Debt Relief” a Scam? – Experian - Experian

   www.experian.com › blogs › ask-experian

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   • Demanding Payment Upfront
   • Phone, Email Or Text Solicitations
   • Promising Results
   • Claiming Special Methods
   • Advising You to Ignore Creditor Communications
   • Promising Protection

   Lawful debt relief companies collect fees only after securing settlement agreements with creditors. Upfront payments, which scammers may characterize as "voluntary donations" or fees, are not on the level.

   See full list on experian.com

   Cold-call solicitations from debt relief companies could be scams. Before you give any personal information to any company that reaches out to you, research the business carefully.

   See full list on experian.com

   Nothing is guaranteed in the debt relief process, so anything that sounds like a promise of results is untrustworthy.

   See full list on experian.com

   Claims that legal maneuvering, technical tricks or exploiting "hidden" government programs can help you get out of debt are a favorite ploy of student loan scammers, but that approach from any debt relief company should serve as a red flag. The techniques legit debt relief companies use are well established, and you can apply them yourself without ...

   See full list on experian.com

   If a credit relief company tells you to ignore communications from your creditors, they must also make it clear that doing so can have significant downsides, including accelerating debt collection efforts such as filing lawsuits against you.

   See full list on experian.com

   Only a bankruptcy filing can stop a creditor from filing a debt collection lawsuit against you, so don't trust any debt relief company that promises to shield you from legal liability. Federal law requires debt collectors to cease communications with you if you (or a debt relief company representing you) asks them to do so in writing, but that cann...

   See full list on experian.com

   • Author: Jim Akin

4. Videos

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     Beware of Debt Scam - Find Legitimate Debt Relief Companies | Freedom Debt Relief

     Sep 3, 2019

     4.3K Views

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     youtube.com

     Student Loan Debt Relief Scams | Federal Trade Commission

     Oct 16, 2017

     7.4K Views

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     youtube.com

     Avoiding Student Loan Debt Relief Scams | Federal Trade Commission

     Apr 3, 2019

     4.8K Views

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5. www.aarp.org › money › scams-fraudWhat You Should Know About Debt Relief Scams - AARP

   www.aarp.org › money › scams-fraud

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   Feb 15, 2019 · AARP. En español. Published February 15, 2019. / Updated March 30, 2022. Credit cards . Medical bills . Student loans. When debt seems like a hole you’ll never climb out of, a phone call, email, website or ad promising to settle your liabilities for pennies on the dollar can be awfully tempting.

6. www.forbes.com › advisor › debt-reliefDebt Relief: What It Is & How It Works – Forbes Advisor

   www.forbes.com › advisor › debt-relief

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   Feb 20, 2024 · Federal regulators and seven states are suing a New York-based debt relief company, claiming it bilked financially struggling customers out of more than $100 million in illegal and exorbitant...

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7. www.prosper.com › blog › avoid-debt-relief-scamsDebt Relief Scams: How to Identify and Avoid Them - Prosper

   www.prosper.com › blog › avoid-debt-relief-scams

   • Cached

   Debt relief scammers steal money and sensitive information by offering vulnerable consumers precisely what they want—quick, guaranteed relief from debt—and they’re relentless in spreading their message.

8. consumer.ftc.gov › consumer-alerts › 2024Carrying credit card debt? How to avoid debt relief scams

   consumer.ftc.gov › consumer-alerts › 2024

   • Cached

   Mar 8, 2024 · March 8, 2024. Are you looking for ways to pay off credit card debt? Offers to help you cut down or wipe out your debt might sound like a perfect solution, but dishonest debt relief companies will take your money and do little or nothing to help. So how do you get real help and skip the scammers?