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Avoiding Scams When Choosing A Debt Relief Company

Bad Debt Relief Understanding the difference between quality products and knock-offs is critical if you want to avoid being ripped off. This notion applies to all industries and businesses, including debt relief companies. There are many honest and professional debt relief companies that provide quality services. However, before choosing a debt relief company or advocate to assist you with your debt relief needs, you really need to do your homework because the debt relief / credit repair industries are laden with scams.

When researching debt relief companies on the internet, you will be inundated with results. You may find yourself completely confused as to what company or service is right for you. This happens because the debt relief industry is lucrative. As such, it spawns many fly-by-night operations looking to make a quick buck. How do you differentiate between the good debt relief companies and the bad ones? It's fairly easy to do as long as you follow a few simple steps. Read on for more information.

When choosing a debt relief company, the old saying "If it's too good to be true, it probably is" certainly carries a lot of weight. Be on the lookout for hyped up promises and ridiculous guarantees. A good way to immediately separate the pretenders from the contenders is to look for the TASC symbol on the company websites. The best debt relief companies belong to The Association of Settlement Companies and display the seal on their sites.

Once you limited your selection to a short list of TASC members, browse the internet for testimonials and references, even asking the companies themselves for references if it is possible. By limiting yourself to only TASC-affiliated debt relief companies who are willing to provide solid references, you are ensuring that you are dealing with only highly-regarded debt relief outfits and limiting your exposure to frauds and scams.


By Thomas Mitchell -


How would President Gingrich or President Romney magically turn the economy around? Are crooks still in charge?
It was revealed recently the Federal Reserve pumped $7.7 TRILLION dollars into the system during the financial crises. (That's approximately 11 times bigger than the official "bailout" total). Politicians LOVE to talk about how the banks paid the bailout money back. But nobody ever talks about that $7.7 trillion. Apparently Trouble Assets Relief Program (TARP) was basically this: Troubled = Worthless Assets = More like liabilities since it was nothing but bad debt Relief = Interest free loans Program In essence the government (well, technically the Federal Reserve) loaned out (via the "discount window") TRILLIONS of dollars to cover the bad debt at .05% interest. Some of these banks then used the money to buy U.S. Treasuries that pay about 3% interest. The banks made about $10 billion on this deal overall. We Didn't Know About the Fed's $7.7 Trillion Loans To Wall Street http://www.forbes.com/sites/robertlenzner/2011/11/28/we-didnt-know-about-the-feds-7-7-trillion/

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3 Feb 2011 at 1:47am



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