Debt Elimination Scam- Never Get Blindsided Again From a Debt Elimination Program!

Have you been swindled by one of the many debt elimination scams that unscrupulous companies are using on desperate individuals in debt? The article below is written by Frank L. Froggatt and he writes an a good article how to avoid getting taken for a few thousand dollars or more from these debt elimination scams.

Debt elimination scams are prevalent in America as everyone has the dream of being debt-free. So many people are drowning in credit card debt, and other kinds of debt that it has become a national epidemic. To be painfully blunt though there is no such thing as “debt elimination”. It is nothing but a brokenhearted scam.

As the crisis in America continues to get worse the scam is getting ever bigger. Most of the people that are pushing these scams don’t have any qualms or compunctions about taking advantage of you in your weakened state. It is all for the love of money that they do this. Debt elimination scams promise you just that, to eliminate your debt completely, which is pretty appealing to somebody that’s facing bankruptcy or home foreclosure.

Anybody who falls for these scams usually ends up a few thousand dollars shy in their pocket of which they couldn’t afford to lose in the first place.

Debt elimination companies will use several tactics all centered around the idea that credit lines aren’t legal. It seems hard to believe but thousands of people fall for this everyday and end up giving tons of money away for absolutely nothing. They will tell their victims that since their credit lines are illegal they don’t have to pay back the debt. They even tell their victims that they will take the credit card companies to court, and because the credit card company doesn’t want any hint of a scandal they will just drop the debt.

These debt elimination scam companies are incredibly crafty in their sales pitches and will make very big claims. They will then ask you for a huge sum of money up front, in return for a waiver that you can use to make your debt disappear. These programs are highly illegal and if you take the waiver to the bank, chances are the bank will laugh at you and call the FBI and you’ll be out thousands and barraged with a bunch of questions. And you will still have to pay the debt.

No matter what sales pitch they tried to push at you, and no matter how good it sounds, don’t believe them as it is all a scam. If credit cards and banks were doing illegal things the government would have put them out of business long ago.

There are several ways in which you can legally get rid of your debt, or reduce it. But these plans actually take time and hard work. They also take discipline, because you have to learn how to control your spending.

It is never easy to be in a difficult financial situation, but there are no simple
magical pills to take that will get rid of it for you. There are legitimate programs out there which will provide you with the tools you need to get out of debt legally and naturally. Realize that if you’re going to borrow money you’re going to have to pay it back. If you have way more debt than you can handle, then you can seek help from a reputable debt consolidation company or debt management company and avoid all the things that sound too good to be true.

You can find one of the best Better Business Bureau A rated debt consolidation, debt reduction, companies around today by going to Get legitimate debt relief now.

Article Source: