Debt Collectors & Debt Scammers

Watch out for companies that promise to get you out of debt but do nothing except take your money.

Before trusting a debt settlement company, be sure to ask for references and check out their background with your state attorney general's office and the Better Business Bureau.  Remember: no one can guarantee to eliminate your debt, so be wary of claims that sound too good to be true. And check out this warning from the Office of the Comptroller of the Currency (OCC).

Federal law protects consumers against bad debt collectors. Watch this video produced by the Federal Trade Commission, which describes what you can do when collectors go too far.



Additional Resources