Investigations

Repair Despair: Federal agencies warn about fake for-profit debt relief programs

At least 54 million U.S. adults have been in credit card debt for the last year according to a new study, and some might still be paying off debt they accumulated during the holidays last year. Credit card balances are increasing faster than any other type of debt – putting consumers in vulnerable positions. But government agencies are warning of a new scam with credit debt relief programs convincing consumers that they can fix their problem by just paying a small “fee”.

By Daniela Molina and Rachel DePompa●

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