Americans who once thought that open lines of credit were as good as money in the bank have been getting some rude awakenings. Applications for emergency lines of credit for medical bills are going up, while credit card companies are shrinking available credit limits, even for their best customers. Many of us may seek help from credit counseling agencies or from debt consolidation firms. However, it’s easy for scam artists or fly-by-night operations to set up shop long enough to rob you of your cash. Be wary when a prospective debt consolidation firm shows any of these ten warning signs.
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