Law Offices of Charles A. Maglieri
Free Consultations

How do credit repair services take advantage of people in debt?

It can feel like the whole world is against you when you have to struggle with debt. Creditors may be harassing you, and a bank may even be calling about foreclosure. At times like these, you may reach out for any help you can get. But is it the right choice?

  • How do businesses take advantage of people dealing with debt?

Banks and financial services companies, often working without full regulation, may advertise credit repair services or offer to represent people in negotiation with creditors. Some of these companies may even acquire a list of debtors from reporting services or lenders and attempt to market their services directly.

  • What can go wrong with a credit repair service?

The truth is there is no easy fix for bad credit or mounting debt. Many of these firms are scammers that accomplish nothing after collecting hundreds or thousands of valuable dollars from people under financial pressure. And if they are successful, it's more than likely that they perpetrated a fraud.

  • How can I be sure if a service is a fraud?

Upfront payment may be a red flag, as the Credit Repair Organizations Act prohibits these companies with federal law from asking for full payment before services. Anyone who asks you to misrepresent personal or financial data may be roping you into committing a crime.

  • So, who can help deal with debt?

An attorney can always represent your needs when you are fighting debt and working to find a way out. A lawyer may be able to find useful services to deal with debt or explore options like bankruptcy or consolidation.

No Comments

Leave a comment
Comment Information

Discuss Your Case With A
Respected Bankruptcy Attorney

Contact my office to discuss your debt relief needs directly with me as your lawyer. I offer a free initial consultation to all new clients where you can learn more about your legal options and what I can do to help you. I am available during regular business hours and by appointment at other times. You can reach me by phone at 860-242-0574 and 860-952-3674 or via email.

My law firm is a debt relief agency as so designated by Congress in the year 2005. I help people file for bankruptcy relief under Title 11 of the United States Code, known as the Bankruptcy Code.

Schedule A Free Consultation

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response

Bloomfield Office
34 Jerome Avenue
Suite 316
Bloomfield, CT 06002

Phone: 860-952-3674
Phone: 860-242-0574
Fax: 860-243-0106
Map & Directions

Marlborough Office
9 Austin Road
Suite 201
Marlborough, Connecticut 06447

Phone: 860-952-3674
Fax: 860-243-0106
Map & Directions