DebtPro123 LLC is a debt relief company that promised their clients they would fix their credit and settle all of their debt. Sadly, they did not do that. Eventually DebtPro123 LLC was exposed for their misdeeds and agreed to a $7.9 million settlement for charging their clients thousands of dollars for providing essentially no service.
Unfortunately, DebtPro123 LLC is not a unique situation. The Federal Trade Commission (FTC) is in the midst of seeking judgments against six corporations involved in debt relief scams. Are there some non-lawyer debt relief companies out there who may do good work? Perhaps, but is it worth the risk if you don’t end up with one of them?
How does one “spot” the bad actors ahead of time? Nobody tells you upfront that they are going to rip you off. The techniques used by companies involved with debt relief scams are ever-evolving and often allow them to remain under the radar for too long and continue to prey on vulnerable consumers.
Kevin Fallon McCarthy
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