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The Cutting Edge: Avoiding Credit Consolidation Scams

Scam artists prey on desperation. With the unemployment rate spiraling to its highest level in more than three decades, that desperation becomes more palpable as households scramble to get their finances in order. If you haven’t been disciplined enough to create a workable budget to get out of debt, or if you feel like you’re in over your head, a debt counselor or consolidation program may be right for you. But if you’re considering entrusting your finances to a complete stranger, exercising diligence is imperative.

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