She said she was going to push the boundaries to get my credit wiped. She made me feel like I could trust her.
As the number of Australians in financial distress escalates as a result of the pandemic, consumer advocates are sounding the alarm on unlicensed debt vultures firms that charge upfront fees and promise to help people manage and restructure their debts, repair their credit rating, negotiate with banks or arrange repayment plans.
The Consumer Action Law Centres policy director Katherine Temple said shed received a steady stream of complaints from people who had signed up to services from these companies and fallen into further debt. Their credit ratings hadnt been wiped.
They use high pressure sales tactics and promise the wor…
Read the full article at: https://www.theage.com.au/national/victoria/debt-vultures-prey-on-vulnerable-as-pandemic-woes-rise-20201106-p56c2h.html
