Advance-fee loan scams involve guaranteeing a credit card in advance for a fee before you even apply.  These offers are illegal and often target people with credit problems.  If someone calls you at home making this offer, tell the person not to call anymore and hang up.

Another thing to watch out for are deceptive ads promising debt relief,  when in fact they are offering bankruptcy.   Bankruptcy stays on your credit record for 10 years and hinders your ability to get credit.  Before agreeing to any debt-relief services it’s important to get all the details.

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