Debt Articles Debt Consolidation

Keep Your Eyes Open for Debt Consolidation Loan Mailers

A tipster (send in your tips here) has advised me of an effort designed to deceive consumers using a mailer for a debt consolidation loan that may or may not be allegedly secured by real estate.

If you receive one of these mailers I would be most appreciative if you could forward it to me. Contact information can be found here.

The tipster (send in your tips here) says the mailers are actually an intention by one debt relief company to “bait and switch” consumers. The idea is to make people believe they can get a secured debt consolidation loan but switch the consumer into an advanced fee debt relief product when they don’t qualify.

About the author

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.

1 Comment

  • The big time mail shops and the even some texas based settle companies have been doing this one for years.  Nothing new here.

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