SPRINGFIELD, Mo. (KY3) – With tax season underway, the Better Business Bureau is urging consumers to research credit repair and debt relief services before hiring anyone.
Debt-related services come in several forms. Credit counseling firms offer educational programs to help resolve financial issues. Debt consolidation businesses offer loans to pay off debts in one lump sum. Debt relief or settlement companies can negotiate payment terms with creditors. Credit repair agencies promise to correct past mistakes on a credit report, such as bankruptcy or late payments.
Scams target people seeking financial help
Not all businesses offering credit repair are scams, but companies that promise quick fixes or make unrealistic guarantees can be fronts…