Consumer Debt Solutions and Fraud
Even though the FBI and other law enforcement agencies do everything possible to stop consumer debt solutions service fraud, it is still an enormous problem. Among other things, it is important to realize that many debt settlement agencies won't do anything that you cannot accomplish on your own. While this is not technically fraud, some other business practices are. As an example, you may learn that money you are sending in to pay off your debts is never reaching your bill collectors. At the same time, your creditors may be filing subpoenas, or taking other action to garnish your wages or seize your property. Therefore, before signing up with a consumer debt counselor, it might be best to obtain a referral from your lawyer or an accountant.