Beware of Debt Relief Scams

High debt can be a beast, taking huge bites out of a household budget and destroying any chance of financial wellness. To make matters worse, being in high debt can mean being stuck in a desperate cycle that never ends, as payback is often accompanied by high interest rates that make it hard to get ahead. Unfortunately, scammers know this well, so they target victims with debt relief scams to get at their money.

Here’s what you need to know about debt relief scams and how to avoid them. 

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Beware of Debt-Collection Scams

With the pandemic still wreaking havoc on the economy, many people are struggling to pay their monthly bills and meet their debt payments. Unfortunately, scammers are exploiting the financial downturn by tricking unsuspecting victims into paying for debts that don’t actually exist, or by using abusive tactics to collect legitimate debts.

Don’t be the next victim of a debt-collection scam! Here’s everything you’ll need to know to keep your hard-earned money safe.

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