Beware of imposters – debt options in Sarnia

by Joel Sandwith on July 21, 2011

I read an article today in the Globe and Mail today that really surprised me, until I thought about it a bit more.  Apparently, there are fraudsters in China who are putting up entire fake Apple stores!  Now if you don’t want to click on the link, I’ll explain:  I guess what’s happening is there is so much demand for Apple products like iPhones and iPads that there are fake stores going up, filled with fake products – even the employees think they work for the real Apple.  The downside for the consumers can be reduced functionality, lack of warranty, no service and empty promises.

As astonishing as this is, it really happens all the time, in different ways.  For example, in our business, we often find ourselves ‘competing’ with Debt Consolidation firms that purport to be helping when all they are really doing is taking fees for services that are never delivered or simply providing a referal to a Trustee.

Here’s what you need to know:  if you are struggling with debt that a bank loan won’t solve, you need to speak with a professional who can help, not a salesman.  You really have two options:  1) an accredited, not for profit credit counselling agency, such as the Financial Fitness Centre – who can assist with budgeting, financial coaching and perhaps even help you negotiate debts through their Debt Management Program, or 2) a licenced Trustee in Bankruptcy,  such as us at Hoyes Michalos.  A licenced Trustee will always provide with all of your options, will not charge a fee for that advice and will outline all costs for service when you meet with them.

You do not need to pay for a referal.  You should not have to pay an upfront fee in the thousands of dollars to get help noegotiating.  If you are struggling with debt, contact a real credit counselling agency, or call us at 519-344-1058 (or toll free at 866-747-0660).

Don’t get suckered by the fake Apple!

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