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    Another shady practice is to charge large upfront fees when a company is claiming n

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    Debt consolidation services can provide a valuable service by lowering your interest rate with creditors, enabling you to pay off your unsecured loans and bills in a short period. However, there are companies that would rather take your money than help you. To avoid such scams, watch out for the following.

    Low Monthly Payment Claims

    While debt consolidation companies can lower your interest rate which might lower your payments, they cannot negotiate lower minimum payments. Creditors no longer accept smaller payments since 2004, not even for “hardship” cases.

    One trick companies use is to lure customers in with a low quote, only to jack up the required payment in a month’s time. By that time you have already paid out fees, which aren’t refundable.

    Upfront Fees

    Another shady practice is to charge large upfront fees when a company is claiming no

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    However, there are companies that would rather take your money than help you. To avoid such scams, watch out for the following.

    Low Monthly Payment Claims

    While debt consolidation companies can lower your interest rate which might lower your payments, they cannot negotiate lower minimum payments. Creditors no longer accept smaller payments since 2004, not even for “hardship” cases.

    One trick companies use is to lure customers in with a low quote, only to jack up the required payment in a month’s time. By that time you have already paid out fees, which aren’t refundable.

    Upfront Fees

    Another shady practice is to charge large upfront fees when a company is claiming n

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    debt consolidation companies can lower your interest rate which might lower your payments, they cannot negotiate lower minimum payments. Creditors no longer accept smaller payments since 2004, not even for “hardship” cases.

    One trick companies use is to lure customers in with a low quote, only to jack up the required payment in a month’s time. By that time you have already paid out fees, which aren’t refundable.

    Upfront Fees

    Another shady practice is to charge large upfront fees when a company is claiming n

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    ts since 2004, not even for “hardship” cases.

    One trick companies use is to lure customers in with a low quote, only to jack up the required payment in a month’s time. By that time you have already paid out fees, which aren’t refundable.

    Upfront Fees

    Another shady practice is to charge large upfront fees when a company is claiming n

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    t time you have already paid out fees, which aren’t refundable.

    Upfront Fees

    Another shady practice is to charge large upfront fees when a company is claiming non-profit status. Legitimate companies will either charge a small monthly fee between $14 to $69, depending on the number of accounts. The other fee structure is to charge a reasonable fee for each account handled; typically for-profit companies use this structure.

    If you are being asked to pay thousands, especially with a cashier’s check or money order, look for another program.

    Offering Debt Negotiation Programs

    You should also be suspicious of companies that pressure you to use other programs, such as debt negotiations. First of all, debt negotiations or settlements usually will not improve your credit situation. Secondly, you will be charge high fees for something you can do on you

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