Bankruptcy SCAMS !

Beware of Scams

Although reputable credit-counseling agencies that actually provide valuable services to financially overwhelmed consumers do exist, vulnerable debtors often fall prey to less scrupulous services. Tips that can help consumers avoid the scams include:
• Promises that sound too good to be true usually are too good to be true; any suggestion that you can "get out of debt easily" should be avoided
• You should only deal with reputable agencies by checking with the State of Florida consumer agencies and the local Better Business Bureau to make sure there have been no complaints against the agency you are about to ask to help you
• Make sure the organization provides counseling and education, as well as debt consolidation and payment services, to help you achieve financial stability and remain debt-free
• Carefully read through any written agreement that any organization offers to make sure it describes in detail the services to be provided; the payment terms for these services, including their total cost; how long it will take to achieve the desired results; any guarantees offered; and the organization's business name and address
• DO NOT pay up-front fees to credit counseling agencies.  The truly reputable agencies do not charge big up-front fees, but may take a small monthly fee for a debt repayment service; the initial consultation should always be free
• Beware of any high fees or required contributions, like high monthly service charges, that may add to the overall debt load and defeat efforts to pay off bills
• Confirm payments with creditors. Some debt repayment services require the consumer to periodically send it a lump-sum check that it divides among the creditors. Debtors who enter into these types of arrangements should verify with their creditors that the payments are actually being made.

If you think Bankruptcy may be your answer, contact Mark Cressman - An Orlando Bankruptcy Lawyer