Debt Elimination Scam

May people these days have a problem with mounting debt. The average person is well below the bad credit limit and is in desperate need to fix it.

Some people are so desperate to reduce their debt that they are seeking quick and easy ways of repairing their credit.

This demand has introduced us to the debt elimination scam.

For a large upfront fee of $2,500 - $3,000, the organizers of this debt elimination program scam will provide the victim with a special legal document . This document is then presented to the victims' bank, Mortgage Company, finance company, or other lending institution in an attempt to satisfy the victims debt. The document the victims receive is of course bogus or fake.

These so called, debt elimination programs are reminiscent of the tax protesters' tax evasion schemes seen throughout the 1990s.

The purported legal documents that are used in the debt elimination program scams include fake financial instruments that claim to eliminate the borrower's debt. The instruments usually question the authenticity of financial obligations, and often refer to a specific government agency (such as the Federal Reserve) in an attempt to support their claims.

Debt elimination program scams that claim they are approved by the Federal Reserve are bogus. The Federal Reserve does not approve, and is in no way involved in any program aimed at eliminating anyone's debt obligations.

Sadly, most of the people who stumble on these schemes were originally looking for legitimate ways to manage their debt.

There are effective ways that you can legally manage your debt.

You can go through a credit councilor. They will offer you great, professional advice about fixing your debts and may even refer you to a consolidator or loan company.

You can seek a debt consolidator. They will work with your creditors on your behalf in order to lower your monthly payments and much more.

You can also go and sign up for a credit union. Credit unions are much like banks in that they will take your paychecks and use them to pay your debts for you.

Credit unions will also place some of your money in a savings account for you so that you will have some money to work with.

John Parsons is founder of CorporateNarc.Com?. The mission of http://www.CorporateNarc.Com? is to educate the public in consumer affairs and to provide consumers with up-to-date business information. In addition we hope to ensure better services for the consumer by exposing business fraud and corruption, as well as unfair and deceptive business practices.

This article my be reproduced as long as the author's name and url to http://www.Corporatenarc.com are present at the end of the article.

---

Over Delivering Provides Big Results

Over promising is a problem only when you under deliver.... Read More

All of the World of Business Is a Stage

One of the basics of acting taught to me in... Read More

Increase Sum in Your Check Account with Follow-Ups

We'll be examining what makes follow up to prospects/customers so... Read More

Small Business Customer Service Can Work Against You

Is the special treatment you designed specifically to keep customers... Read More

Why Communication Skills Dont Work In Customer Service

Every time my firm conducts communication skills training, we know... Read More

Hit The Jackpot With Customer Complaints

Our most powerful instinct is to avoid customer complaints, but... Read More

Turning Customer Mistakes Into Raving Fans

When you make a mistake with a customer, should you... Read More

How To Handle Customer Billing Snafus

Q: I just discovered that for the past six months... Read More

Saying Thank You to Your Clients

"Thanking your customers" - Why you should do it and... Read More

How To Boost Your Bottom Line With Two Little Words

I hate to sound like one of those cheesy get-rich-quick... Read More

Listening: The Foundation of Communication

Listening is the #1 communication skill for leadership, selling, customer... Read More

Everyone talks in code!

How often have you left a meeting with a customer... Read More

What Type Of Software Is This?

The other day while at the book store, I came... Read More

Customer Satisfaction and the Service Business

The relationship between customer satisfaction and success of a service... Read More

A New Way To Handle Complaints, Or Is It?

What a lot of money we have been wasting on... Read More

Astonish your Customers With These Customer Service Tips

Customer service today is getting worse. Win customers over and... Read More

What Do They Want Anyway?

You want customers. I want customers. We all want customers.... Read More

Quality vs. Quantity

There is a battle in Call Centers. The teams are... Read More

8 Critical Steps to Establish a Customer Service Culture

"Every company's greatest assets are its customers, because without customers... Read More

Hook Me Up With A Human

Oh, what has happened to the carbon-based organizational interface? Many... Read More

Find Out Where Your Firm Stands in Today?s Customer

Looking For Ways to Improve Sales and Customer Relationships?Find Out... Read More

Empowering Customer Service Vital

It never fails to amaze me how many companies have... Read More

Tips for Curing Bad Customer Service

Bad customer service is everywhere these days - unmanned front... Read More

Accountants / Lawyers Do Yourself a Favor - What do Your Customers Want?

In my day to day practice in strategic human resource... Read More

Handling Difficult Customers - 8 Strategies

In any business our customers are one of our most... Read More

Marketing as a Spiritual Practice

"Marketing as a spiritual practice." It sounds contradictory ? how... Read More

Your Career Plan--Think Like A CEO

You've been going 6-to-late; exhausted by running the supersonic treadmill... Read More

I Wont Tell My Lawyer but I Will Tell You

A general counsel of a large international consulting firm told... Read More

Service Equals Performance Equals Service

Service can be described as a "performance" of some kind... Read More

How to Walk the Floor and Talk to Customers

This may seem a strange topic to introduce. Yet, it... Read More

What Every Employee Should Know About How to Win the Loyalty of Customers

Dr. Michael LeBoeuf, in his cassette album entitled, Win... Read More

How to Easily Increase Your Profits

Do you remember the last time you went into a... Read More

What You Need to Know About CRM

1. It's all about the customer. Some companies focus too... Read More