March 5, 2010, Newsletter Issue #120: If it Sounds too Good to be True...

Tip of the Week


Itís 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.

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