During times like today it is important to be cautious when dealing with debt relief companies or solicitors. If you get calls or emails giving you "wonderful" opportunities to cut your debt, make sure you do your research! Check the Better Business Bureau (BBB) and other sources to find out if they are legit. Protect yourself with information before giving out your information!
Most of these fraudulent transactions are conducted by companies who set up fake direct lenders that create fake accounts to collect on loans that were never fully paid for and have nothing to do with the original lender. Get more interesting details about portfolio recovery scam check out here.
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