Avoid Debt Management Scams

There are so many firms providing services like credit card consolidation and personal bankruptcy deals, that it becomes difficult to decide which are on the level, and which are scammers.
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Norcross, GA (prHWY.com) October 26, 2010 - With the market of today being choc-a-bloc with debt management services like credit card consolidation and personal bankruptcy assistance, it is in the nature of a conundrum to the layman to figure out which firms are genuine, and which ones are fraudulent. The interest rates you are to pay for the service vary outrageously from firm to firm, ranging from a ten per cent to a ridiculous forty five per cent per annum.

Scammers have blighted the reputation of the entire industry, and general public is at a loss when it comes to deciding whom to trust when it comes to credit card consolidation.Many people are unaware how to sort out personal bankruptcy matters. However, if you are careful, it is possible to avoid scams, and avail a service that can be of great benefit to your finances.Smart shopping is the key, and information is power. Comparison of interest rate quoted by various debt management providers will help you decide on the fairest deal. If you meet the representatives of several credible firms this will not be that difficult. The Internet is always helpful, and you can research more on options. Consulting a trusted broker will also be a good idea to help you decide.

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Tag Words: personal bankruptcy, credit card consolidation
Categories: Finance

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