Debt Relief Scams in Raleigh, NC

Debt Relief Scam #1

– Subprime Banks and Equity Lenders Beware of lenders claiming they can help you avoid bankruptcy by consolidating your debts. These so-called “equity lenders” often charge outrageous interest rates, ranging from 9% to 26%, with high fees added to the loan. Predatory lenders use unethical tactics like flipping, inflating appraisals, and packing fees, ultimately aiming to take your home.

At Cameron Bankruptcy Law, we know the tricks these lenders use and are here to protect you. These predatory practices target vulnerable homeowners, offering loans based on your home equity rather than your ability to repay. If you can’t keep up with payments, they aim to foreclose on your property. If you’re considering refinancing or facing financial troubles, consult a trusted bankruptcy attorney before you fall victim to these schemes.

If You Can’t Pay Your Debts If you’re unable to make payments, avoid high-interest second mortgages. These predatory loans can lead to the loss of your home and eventually force you into bankruptcy. Instead of refinancing while your credit is poor, let Cameron Bankruptcy Law guide you to safer alternatives and protect your home equity.

The Subprime Lenders Don’t Care Subprime lenders focus on seizing your home’s equity, often targeting people in financial trouble. They make their money from closing fees and foreclosing on properties when payments are missed. Don’t let them take advantage of you. Work with prime lenders, or better yet, talk to Cameron Bankruptcy Law for safe, sound advice.

Debt Relief Scam #2

– Erase Bad Credit Scam Beware of companies that claim they can erase bad credit for a hefty fee. These businesses often charge over $3,000 and promise to clean up your credit. But the truth is, you can’t legally erase accurate negative information from your credit report. Only false items can be removed. Scammers rely on your desperation, but you can handle credit report disputes yourself without paying a fortune.

Debt Relief Scam #3

– Protect Your Credit by Settling Your Debts Some companies offer to settle your debts for a portion of what you owe, but these plans often backfire. Settling debts this way can harm your credit as badly as bankruptcy, and the process takes longer and costs more than Chapter 13 repayment plans. At Cameron Bankruptcy Law, we’ll help you find better solutions to debt relief.

Debt Relief Scam #4

– Unknowledgeable Attorneys Not all attorneys specialize in bankruptcy law. When times are tough, some lawyers expand into unfamiliar fields. It’s crucial to choose a Board-Certified Consumer Bankruptcy Attorney who understands the complexities of bankruptcy law. At Cameron Bankruptcy Law, our team has the knowledge, experience, and dedication to help you get the best outcome in your bankruptcy case. Don’t leave your financial future in the hands of a generalist—trust the experts.