Debt Relief Scams in Raleigh, NC
Debt Relief Scams in Raleigh, NC – Debt can feel overwhelming, but be careful—there are Debt Relief Scams out there! Let’s dive into some common scams and how to avoid them.
Debt Relief Scams #1 – Subprime Banks and Equity Lenders
Be on the lookout for lenders who say they can help you avoid bankruptcy by consolidating your debts. These “equity lenders” often charge sky-high interest rates, from 9% to 26%, plus add tons of fees to your loan. They use tricks like flipping, inflated appraisals, and hidden fees to target homeowners. What’s worse, they’re often trying to take your home!
At Cameron Bankruptcy Law, we know these tricks. These predatory lenders don’t care about your ability to repay—they’re after your home equity. If you miss payments, they can move to foreclose on your home. Don’t fall for their schemes! Before refinancing or taking out risky loans, speak with a trusted attorney.
Scams #2 – The “Erase Bad Credit” Scam
Beware of companies that claim they can erase bad credit for a big fee. They often charge over $3,000 and promise to clean up your credit. The truth is, you can’t legally erase accurate negative information from your credit report. Only false items can be removed, and you can do that yourself for free! Scammers take advantage of people’s desperation, but you don’t need to pay for something you can do on your own.
Debt Relief Scams #3 – “Protect Your Credit by Settling Your Debts”
Some companies offer to settle your debts for a fraction of what you owe, but it’s not as great as it sounds. These plans can hurt your credit just as much as bankruptcy, and the process is often more expensive and slower than a Chapter 13 bankruptcy repayment plan. At Cameron Bankruptcy Law, we’ll help you find smarter, safer ways to get out of debt.
Debt Relief Scam #4 – Unqualified Attorneys
Not all attorneys are experts in bankruptcy law. When times get tough, some lawyers venture into fields they don’t know well. It’s important to pick a Board-Certified Consumer Bankruptcy Attorney who truly understands the process. At Cameron Bankruptcy Law, we have the experience and knowledge to help you get the best outcome.
Protect Yourself!
If you’re feeling overwhelmed by debt, don’t trust just anyone. Cameron Bankruptcy Law in Raleigh, NC is here to help you find real solutions and avoid dangerous scams. Reach out to us today for expert advice!
