Contact Us for a Free Consultation 1 (860) 523-8783


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

Posted by James Aspell | Apr 24, 2020 | 0 Comments


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 are credit repair servioce the answer for Connecticut residents with large debt?

  • 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 experienced an affordable Connecticut Chapter 7 bankruptcy attorney can always represent your needs when you are fighting against creditors looking to take your home, your car or other property.   A Hartford Chapter 7 lawyer may be able to find useful services to deal with debt or explore options like bankruptcy or consolidation.  Feel free to contact us today for a free consultation.

About the Author

James Aspell

Principal since August 1, 2006 James F. Aspell is the principal and managing attorney of the firm which he started in 2006 following 20 years of litigation practice in a mid -size firm in Hartford, Connecticut. Jim focuses his practice in the areas of worker's compensation and personal injury l...


There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment


Law Offices of James F. Aspell, P.C
860-521-3808 (fax)
Mon: 08:00am - 06:00pm
Tue: 08:00am - 06:00pm
Wed: 08:00am - 06:00pm
Thu: 08:00am - 06:00pm
Fri: 08:00am - 06:00pm