If it Sounds too Good to be True...

Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Finding a Bankruptcy Alternative and other Debt Consolidation topics.

How can I avoid financial schemes?

If it Sounds too Good to be True...

It's an unfortunate fact of life that for every person who wants to help you, there is someone that wants to take advantage of you. Facing bankruptcy is not an envious position to be in, and you may not be thinking clearly at all times. Some companies understand the severity, and the gravity of your situation, and will try to charge you outrageous fees for their services. Others will just take your money and run.

The credit repair scam involves a company either calling or mailing you information on how you can increase your credit score dramatically in just a couple of days with just a tiny investment. You think to yourself, this sounds really good. What else do I have to lose? Your identity could be stolen or compromised, and that may be more difficult than a bankruptcy to rebound from. If it sounds to good to be true, well you know the rest.

   

Comments

Nobody has commented on this tip yet. Be the first.



Name:


URL: (optional)


Comment:


Not finding the advice and tips you need on this Debt Consolidation Tip Site? Request a Tip Now!


Guru Spotlight
Lynne Christen