Credit repair, debt relief, debt consolidation, and debt erasure are all tempting ideas to those seeking reprise from their financial struggles. Unfortunately, most of the offers that you see advertisements for or receive by phone, email, and mail are fraudulent. The rise in credit card debt over the last 20 years in combination with several dips in the economy from 2001 onward has significantly increased scammers’ prospects of taking advantage of those in debt. If you are struggling financially, Behm Law Group Ltd. provides legal support for bankruptcy proceedings and information about debt relief in Worthington, MN.
Promises to repair credit debt or erase bad credit are frequent claims of scammers in the world of debt and bankruptcy. While these scams and frauds are dangerous situations to fall into, there are some situations where legal and legitimate debt relief is possible.
Recognizing Fraud
Because the majority of companies or organizations promising credit repair and debt erasure are fraudulent, there are often clear signs of the traps these scammers want you to fall into. The most obvious signs of fraud include:
- Withholding information about your legal rights or failing to provide legalized, clear-cut terms
- Requiring an upfront fee or an initial payment before services are provided
- Pushing you to dispute your credit report in entirety
- Encouraging you to take on a new credit identity
What these scammers do is illegal, and taking part in any of their proceedings may leave you subject to indictment and force you into legal proceedings for debt fraud. Find out more details about credit repair fraud and companies offering illegal services here.
Legal Debt Relief
Bankruptcy is almost always an option for those struggling with unmanageable credit card debt or debts accumulated from a variety of sources. Behm Law Group Ltd. can help you throughout the process of filing for bankruptcy, but even throughout bankruptcy proceedings, there are ways to begin improving your credit slowly but surely. Approved credit counselors can help you understand how your debt was accumulated and how to avoid such situations in the future.
If you’re worried about your financial situation and have been tempted by the calls about credit repair and debt erasure, contact Behm Law Group Ltd. today at (507) 387-7200 for information about bankruptcy and debt relief in Worthington, MN.
