Debt Relief Scams
January 7, 2017
Do Not Pay Up Front Fees for Debt Assistance!
If you're struggling to make ends meet, there are non-profit credit counseling agencies in Maine who can help you figure out a debt relief plan. We discourage you from hiring a company that promises to help you get out of debt for a fraction of the cost and in record time. It simply doesn't work that way. Many times consumers who get had by these scams are promised they can resolve a large amount of debt, say $20,000 for only $5,000 in record time if they pay regular monthly fees to a company who will do all of the leg work for them and negotiate with the debtors. Unfortunately, they only make a bad situation worse by taking your money for themselves and not distributing it to your creditors, which will further damage your credit score and may lead to lawsuits against you.