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Chuck Jaffe: Know The Rules, And Beware Of Scams, Before Trying To Settle Bad Debts

FYI: Daisy didn’t mean to interrupt dinner time, but she wanted to help.

“We have reviewed your credit history,” she said after apologizing for the intrusion, “and we can really help you get out from under your credit-card debt.”

I asked if her records showed a lot of money owed to American Express; of course, she assured me.

Then I asked if her debt-settlement company could actually work with Amex, which is notorious for not working with debt-settlement firms, noting that I wouldn’t want to sign up with her only to find out later that her firm actually couldn’t help.

Daisy was silent. I pressed for her to repeat the name of her firm, and to answer the Amex question.

Click.

Regards,
Ted
https://www.seattletimes.com/business/know-the-rules-and-beware-of-scams-before-trying-to-settle-bad-debts/
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