Then consumers get hit with late fees, and their lack of payment goes on their credit report.
How can consumers with credit card debt protect themselves when hiring a non-profit debt relief company?
Compare the services and fees of several non-profit debt relief companies.
Ask lots of questions – if a company is not responsive to questions before you sign up, chances are they won’t be responsive after you sign up.
Check the company’s BBB report at www.bbb.org
Do an online search for the company’s name and see what others have to say about the company.
Read the fine print BEFORE you sign on the dotted line!
In a perfect world, a non-profit company would be out to serve the best interests of the consumers it services. But in the world of credit card debt and non-profit debt relief, consumers need to be aware of the dangers they can face.
And if the steps are above are followed carefully, consumers will dramatically reduce the odds that they will get “ripped off” or fall victim to a non-profit debt relief scam. And increase the chances that they will receive the help they need to get out of debt and fix their financial problems!