World Law Debt puts consumers in a world of financial trouble

BBB warns public about potential credit damage from Texas-based company World Law Debt tells consumers it can reduce the amount they owe and help pay down debt. But, Better Business Bureau discovered the company’s practices often get consumers into legal trouble and drive them further into debt. As of July 24, 2013, BBB has 34…

Be wary of mortgage relief scams

Refinancing can be a great way to reduce your monthly payments, and in some cases, allows homeowners to keep their home. However, BBB warns to proceed with caution when dealing with some lenders. BBB often hears about mortgage relief scams. These common scams are designed to lower your available cash but not your interest rate:…

Watch out for bad debt relief companies

Credit cards, student loans, mortgages, car payments; sometimes, the list of debts to pay off can feel overwhelming. Add to that the loss of a job, an illness or other unforeseen circumstances, and consumers may need a life jacket. However, BBB warns you to think twice before turning to a debt relief service. The Federal…