News & Press: Scam & Fraud

Consumer Alert: Scammers target people trying to get rid of debt

Monday, May 20, 2013   (0 Comments)

LEXINGTON, Ky. (WKYT) - Millions of Americans are still struggling with growing debt after the economic downtown. If you're looking for help, be leery of debt settlement groups. Some consumers have done business with them, only to end up further in the red.

"Basically, this company was saying 'okay, you have all this debt and we can settle it for approximately 45% of the debt'," says U.S. Postal Inspector Robert Clark. "They tell the customers stop making the monthly payments to the creditors, stop speaking to the creditors as long as you can make one monthly payment to us."

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