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.

---

Proofs of Delivery and Logistics: Speeding Throughput and Avoiding Pitfalls

It should be a straightforward business scenario: making sure that... Read More

Make Your Customer Your Friend

The simplest way to describe a 'durian' (pronounced doo-ree-ann) is... Read More

Putting The Serve Back Into Customer Service

Good service is easy to spot and hard-to-find. Mediocre service... Read More

Customer Service, the Internets Primary Neglected Business Concern

Customer service is everything to a business. Just look at... Read More

It?s Customer Service Stupid: Delivering Customer Service Training That Sticks

"Society is always taken by surprise at any new example... Read More

Sales Marketing: 10 High Impact Ways To Improve Your Customer Service

If you want to last a long time in business... Read More

Customer Service - Winning Customer Experiences

Winning Customer ExperiencesMuch research has been done on what the... Read More

Losing Angry Customers

This article offers five ways to help you deal with... Read More

Customer Service Tips for Mail Order Businesses

Can we be too good to our customers?... Read More

The Reality of Customer Service in America and Best Efforts in Franchising, We Can Do Better

Yesterday I went to buy a sandwich at a franchised... Read More

RETAIL GREETERS: Sales Builders or Customer Turnoff?

Do you need greeters or should you avoid them? That... Read More

The Number 1 Rule for Businesses - Be Professional

Have you ever walked into a store and things looked... Read More

It Is All About Customer Service!

In this day of terrible customer service, it should come... Read More

The Art of Giving Great Service

Sales is tough to get right, and depends on retaining... Read More

And The Difference is... Attitude

I returned a rental car at an airport yesterday. As... Read More

Saying Thank You to Your Clients

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

11 Moments of Truth

These moments come when a customer or client?1. Hears someone... Read More

Making Customer Satisfaction Surveys Work

Why bother? Good customer service is the life blood of... Read More

The Logic of Emotion!

Homebuyers are an interesting study. Watching people make their home... Read More

4 Customer Service Mistakes Companies Should Avoid Making

1) Being placed on hold endlessly. Don't you just love... Read More

Customer Service - How Good Are YOU?

At 8.30 am a wealthy client (on his way to... Read More

Complaints Are Actually A Good Thing!

Nobody likes to get complaints. They make you question your... Read More

Outsourcing: The Unspoken Costs

Outsourcing seems to be the new-new thing and approximately 50%... Read More

Why You Should Always Honour Your Guarantees - Even When The Customer Is In The Wrong

The Reason Why Direct Internet Marketers Have To Work So... Read More

Customers - Hold Onto the Ones Youve Got

You probably spend a great deal of your time looking... Read More

What Every Manager Should Know About How to Learn from the Complaints of Customers and Employees

Listening to complaints, whether they're reasonable or not, is a... Read More

Ten Ways to Help You Improve Your Customer Service

1. Stay in contact with customers on a regular basis.... Read More

Revealed ? A Simple Formula For Success! Exceeding Expectations

Delight = Customer Expectation plus 1. This was the simple... Read More

Retail Store U-Scan Machines: Self-Serve or Voluntary Part Time Job?

Do many of us realize that we are working an... Read More

Basic Levels of Consumer Integrity that Presently Permeates Society

Reality is not always pretty. But here is a tad... Read More

Write a Business Thank-You Note

Have you seen that thing on TV where the gal... Read More

The Added Value - Is YOU!

If there was a restaurant in your town that was... Read More

Stand Out in Business the Write Way

When was the last time you received a handwritten note... Read More