![Credit Scams](https://webarchive.library.unt.edu/eot2008/20090118153953im_/http://www.ftc.gov/bcp/conline/edcams/gettingcredit/images/h-scams.gif) 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. Click
here for more information.
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