“A Sucker Born Every Minute”: Avoid These Debt Consolidation Scams
The web communications revolution has provided many unprecedented opportunities for commerce and unfortunately, quite a few opportunities for swindlers to prey on the gullible. This is just as true for debt consolidation as for anything else. Here are some debt consolidation scams to stay away from:
1. Free Debt Consolidation Services
Why are these guys doing it for free? How are they making money? Do be aware, though, that cheap debt consolidation services are not always a rip-off, although it would be a good idea to take a second look at anything that sounds too good to be true.
2. Consolidate Your Debts Using Free Government Grants
Yeah, right. The woods are thick with companies that offer information about free government grants. Havent you heard? Uncle Sam is giving away money like candy (which explains our high taxes!). And you can use this money any way you like for example, to consolidate your debts. Its true that the government gives loads of grant money, but I have yet to hear of a Citizen Lifestyle Enhancement Fund. Its not easy to qualify for...
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