As many struggle to make ends meet, Local 4 has learned that certain debt consolidation companies may prey on people looking to reduce their debt. subway detroit.
The Better Business Bureau is now working with Help Me Hank to expose this issue and show you how to protect yourself.
They are calling, texting, and writing to get your attention.
They reach out to millions of consumers and offer their help.
Some of these companies offer very low interest rates and minimal upfront fees, but take a moment to read the fine print.
At the end of the promotional period, the 5% commitment will change to 25%. Also, some people learn too late.
So, what you can do to protect yourself if you are looking for a debt consolidation company is to do research, read reviews, talk to people who have used the company, understand all the terms of the deal, and seek financial expertise. Ask the house for an opinion.Before you sign the dotted line.
Watch the video above for the full story.
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