(636) 209-4481
  • Watch out for debt relief scams.

Credit Counseling Scams and How To Avoid them!

Don’t Get Scammed

When a person acquires large enough amounts of debt to the point they can’t keep up with their payments and are facing the reality of bankruptcy and losing everything they’ve worked hard for, financially, life can feel as if it couldn’t get any worse. Unfortunately, there is debt counseling agencies around that are waiting for a consumer to happen upon them with that exact assumption.

They extend their hands with a facade of friendliness and viable solutions in hopes of attracting clients overwhelmed with debt and then use that vulnerable state to take what they can. They’re nothing new by now to most consumers and if someone hasn’t heard about one of these companies all they would need is a quick search through any given search-engine to find all the cases they could read.

Ironically, a search for fiscal recovery could lead to finding financial ruin. On the bright side, with all the scamming that has been going on it has become easier to identify the dishonest companies and find the honest ones. Due to the large number of people who have been scammed and are now speaking out, the media has been drawing its attention to these cases of financial foul play.

News stations across the country such as KSDK Channel 5 in St. Louis have begun tracking down and interviewing dishonest credit counseling agencies as well as honest, reputable agencies like PCS Debt Relief who prove their merit through the company’s practices and their customer satisfaction rate. Online, people are speaking out about the different companies available to help handle financial woes and burdens.

Check Us Out Here on KSDK News Channel 5 in St. Louis, MO

There are many forums with reviews of experiences with these companies, and before investing in an agency it would be wise to search for these types of reviews. Even if a search for a particular company’s reviews comes up unfruitful, one could easily post a question up about the said company and most likely get several responses within a couple days to a couple weeks. Choosing a debt and credit counseling agency is nothing to rush into and every person considering using an agency is best off doing their homework and finding out everything they can about the company/ ies. Still, there are a lot of different counseling groups out there and even with help from the all the different news reports, narrowing the options down to find an agency that works with you while weeding out the scam can be overwhelming in itself.

So, here are just a few pieces of advice for finding the right company and staying away from the wrong ones.

Are you being rushed? Does a company suggest their program will be a “quick” and “easy” one? If they are then there is probably a reason they would like everything to just fly right by and you won’t be happy.

What will payment consist of? If you are paying a percentage of the overall debt, even if the company isn’t a scam, how much will you really be saving through them? Take PCS Debt Releif for example, their payment is only a percentage of the amount they save a costumer.

What will you leave with after the service is done? A good counseling agency should not only take care of your present needs, but also make sure you’re well equipped for the future as well. There not only needs to be a budget set in place to handle the debt a costumer currently has, but the costumer should leave with the knowledge of how to manage their finances and set up a personal, household, or company spending budget.

PCS Debt Relief

About the Author:

At PCS, our programs are tailored to the client’s specific financial needs. What sets us apart from our competitors is that clients see relief, before any payment is received. Our NO UP-FRONT FEE policy ensures our client’s a 100% satisfaction guarantee. We also do not charge any monthly fees or any cancellation fees. We want the client to feel comfortable during the whole process that’s why we allow them to be part of it every step of the way.

Leave A Comment