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What are risk factors for being a scam target?

There are plenty of services in Washington D.C. that are aimed at you, a person who's struggling with personal financial debt and looking for relief. Credit repair scams and debt relief scams are unfortunately on the rise along with rising debts, so the best thing you can do for yourself is keep an eye out on signs of these potential scams.

The first thing you should know is what makes a person a viable scamming target in the first place. As the Federal Trade Commission states, you're already a prime target if you have large credit debt, and the larger your debt is, the more likely you are to be targeted. This is a devious ploy that partially plays on the emotional instability and fears that you may have if you feel threatened by severe and looming debts. You are more likely to take help offered in a state like this, even if that help would normally set off alarm bells.

Unfortunately, having your number placed on do not call lists might not necessarily protect you from being targeted, either. Particularly aggressive scammers have ways to get around these lists and will often send automated calls to your house if they get your personal information and know that you are in debt. Be wary of any phone calls made to you that promise to lower or settle your debts, especially if they require upfront payment.

Credit repair and debt relief scammers can target anyone, in the end. However, they tend to exploit vulnerabilities. The more vulnerable you appear and the easier you are to contact, the more likely it is that they will try to net you.

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