Debt relief scams Quiz

1. What is a common characteristic of debt relief scams?

A. They offer free services. B. They promise quick and easy debt relief. C. They provide government-backed guarantees.

2. What should you do before working with a debt relief company?

A. Pay upfront fees to secure their services. B. Check their reputation with the Better Business Bureau. C. Sign a contract immediately to avoid missing out.

3. Why should you be cautious of companies that require upfront fees?

A. Legitimate companies charge fees only after successful negotiation. B. Upfront fees guarantee better service. C. Upfront fees are a sign of government affiliation.

4. What is a safer alternative to working with a debt relief company?

A. A nonprofit credit counseling agency. B. A company that guarantees debt elimination. C. A company that pressures you to sign quickly.

5. What is a recommended step to protect yourself from debt relief scams?

A. Avoid keeping track of your debts and communications. B. Be skeptical of companies claiming government affiliation. C. Always sign contracts immediately to secure services.