The growing degree of debts in the new millennium has set a trend of fraud
activities as well. People who are undergoing debt crisis are prone to take
refuge anywhere and everywhere without giving it a second thought. Some professional
bodies or agencies often take undue advantage of such situations. Nowadays you
might come across requests to add a debt elimination web link.They may be described
as a new alternative to many of the debt programs out there. First of all this
form of "debt elimination" is not new at all. Debt elimination fraud
has come into being since a long time. Someone who comes along with such a request,
must be replied to, denying to support the debt elimination site.
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Teleport
Member since: August 9, 2005
Total posts: 1485
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This is because the method of debt elimination is morally and ethically questionable
as well as legally borderline. In fact, you may want to ask the FBI for a stamp
of approval with statements on your site such as: By lending you credit and
charging you interest, the banks are actually committing fraud. But it doesn't
stop there. By mailing you an invoice and demanding payment, they are now committing
Mail Fraud as well.
Steps are to be measured if such a company approaches you:
If you have a debt:
- Pay it;
- Negotiate it;
- Declare it in bankruptcy;
But don't start believing that the debt is illegal. Additionally, if you come
across debt elimination scams on the Internet or elsewhere, consider reporting
the details to the FBI by calling the regional office listed in your phone book.
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