Debt Settlement / Loan Modification Scams – Fight Back

Debt Settlement / Loan Modification Scams

One trick that the loan modification and debt settlement scammers use all the time is to require the consumer to stop sending payments to their credit card and mortgage companies. Instead, these loan modification and debt settlement scammers often have their victim/clients send the money to them, with the false promise that they will make payments to the and negotiate directly with the credit card and mortgage companies.Washington law places very strict (but easy to follow) requirements on how this money is distributed, and many (if not most) debt settlement and loan modifications providers fail to follow these simple requirements. Making matters far worse for people who fall victim to these scammers, many of these companies fail to do anything to help the consumer—they simply pocket the money as fees and claim nothing could be done to help the consumer.

You can fight back, and here’s how.

Luckily for residents of Washington, the Debt Adjusting Act empowers victims of the debt settlement and loan modification scammers to obtain a total refund of all fees (plus attorney fees) paid to companies who violate the Debt Adjusting Act. This is a powerful statute that may help you fight back if you fell victim to these scammers.Don’t blame yourself. Fight back for your total refund!

We offer a free consultation with our consumer debt attorneys.

If you have questions or would like to learn more, please visit our consumer debt protection attorney services section.  We are waiting to assist you.