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Family Finances: When you’re desperate, look out for fraud

At a recent home show, we were grabbed by a debt settlement company salesperson who offered to save us at least 40 percent in our effort to get out of debt — not that we have any.

Another salesperson hawked a software program that would direct us how best to pay off debt. It works great, the salesperson testified. Upfront cost: $3,500!

Unfortunately, families experiencing financial hardship often are prime targets for outrageously expensive solutions and outright fraud. When you’re concerned about your family, it’s easy to feel desperate.

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About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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