Whenever you receive an email, telephone call, a letter or see an ad stating your credit card bills can be cut in half, don't you believe it. It's not true. In truth and in fact, it's a big fat scam. I know first-hand. I was caught in it. I bought the scam hook, line and sinker. I was desperate and it sounded wonderful to be out of debt. You're asked how much you can afford to pay monthly and how much you owe. You're told your debt can be reduced by as much as 50% and they would negotiate settlement on your behalf. I was in such a desperate and emotional state that I talked myself into believing what I was told. That's the dangerous point. After three months of no contact with "Mr. Debt Reduction Company", I did some preliminary investigation and discovered this outfit had a "D-" rating with the BBB. Actually, a good friend did the prelims - I was too distraught and numbed. I was horrified and after the sobbing and emotional stage was over, I gathered what was left of my pride, pulled up the good old boot straps and began bankruptcy proceedings and to dig my way out - one baby step at a time - otherwise, it would be too overwhelming and would stymie me. You're never too old to be fooled. Actually, the longer you live, the more scams you uncover. Please share my story with others so they can be on the alert. Advice: Investigate before leaping - it if sounds too good to be true, it is. By the way, I was legally advised that filing a lawsuit would be fruitless since the scamming company is located in Arizona. Of course, I could hire an attorney in Arizona if I knew one but, then I'm filing bankruptcy. Will an attorney represent me for no fee? Over and out at this blogging..to be continued with updates of my progress from time-to-time.
Any helpful feedback anyone?