Even before the Great Recession, African Americans were drowning in debt. So often we see the signs on the side of the road or get the post cards in the mail saying, “Credit Repair – Legally!” We cling to the hope we can suddenly have a clean slate and start all over.
Wake up from the fantasy!
Getting your debt and credit situation under control is not going to be that easy, but it is doable, and you do not always have to pay an arm and a leg to do it. The government is offering a few tips here on how you can get your financial house in order.
- Debt Relief Services
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If you’ve maxed out your credit cards and don’t know how you’re going to pay off your debts, you may think that a company that promises to erase the debt for pennies on the dollar is the answer to your prayers. Not true! Debt negotiation can be risky, and it can have serious, long-term consequences for your credit report and your ability to get credit in the future.
Here is an interesting video on your rights:
To read more about Vehicle Repossessions and Credit Repair tips read here.
