Here’s the scam: some debt settlement companies are putting out advertisements promoting a loan consolidation at very low interest rates (the BAIT). Here’s the thing: they don’t even do loans! When you call in, they get all your information to see if you “qualify” and…. Imagine this: you don’t qualify! Bummer!
BUT hey, good news! They have this special program that “functions like a loan consolidation and may even be better!” (the SWITCH!)
The SWITCH is in reality a bad debt settlement program that they make sound like a loan consolidation:
One low payment!
Be Debt Free in 24-36 months!
I can’t tell you how many times I talk to consumers and small business owners that have fallen for this trap. They are shocked to learn that their Discover Card has not been paid and is now suing them. They are shocked to learn that all the money they have paid to the debt settlement company has not actually gone to the creditors. They are shocked to learn their credit has been destroyed.
There is certainly a time and place for a Debt Settlement program. You must know all the advantages and disadvantages of debt settlement. Significant savings can be achieved. But you must go in with eyes wide open. For many reasons you must absolutely use a reputable law firm to settle your debts. Anyone scamming you with the old BAIT & SWITCH is not someone you want to do business with, period.
At Fitzgerald & Campbell, APLC, our firm understands the difficulties that come with financial struggle. Tricking you into buying one service or another is not what you need. For over 30 years, our lawyers have assisted clients with debt resolution; proudly saving millions of dollars for our clients.
If you're facing financial troubles, if it sounds too good to be true, it probably is. Fitzgerald & Campbell, APLC will thoroughly review your financial situation to determine whether debt settlement is your best option or not.
For a free consultation, call/text us today at (855) 709-5788 or contact us online.