Beware Debt-Settlement Schemes and Scam Artists

Beware Debt-Settlement Schemes and Scam Artists
Mary Hunt describes experiences with a number of debt-settlement companies. Velishchuk Yevhen/Shutterstock
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The ads are compelling. “If you have at least $10,000 of credit card debt, you are eligible to have half of it forgiven!” “Debt-settlement solutions!”

I see these ads nailed to telephone poles, plastered all over the internet, and broadcast over radio and television. Even though I know what’s going on, they grab my attention and make me wonder for a second or two if perhaps I’ve missed some new bailout legislation.

Mary Hunt
Mary Hunt
Author
Mary invites you to visit her at EverydayCheapskate.com, where this column is archived complete with links and resources for all recommended products and services. Mary invites questions and comments at https://www.everydaycheapskate.com/contact/, “Ask Mary.” This column will answer questions of general interest, but letters cannot be answered individually. Mary Hunt is the founder of EverydayCheapskate.com, a frugal living blog, and the author of the book “Debt-Proof Living.” COPYRIGHT 2022 CREATORS.COM
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