Ben Popken's "Beat The Cheat" Reader's Digest Article Online
I've got a new article in Reader's Digest about 9 scams that exploit national trends and how to avoid them. Flimflammers use the same basic scams over and over again, they just use the strips newspaper headlines to layer on like papermache on their chickenwire schemes. My article points out nine recent iterations and how to avoid them. Thanks to all the readers who sent in their stories to help out with the article. Loyal blog readers will enjoy that we splashed longstanding Consumerist nemesis IDT Energy's skanky sales practices in national print. Gotcha, suckers.
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Comments:
@Ben Popken: More than that if people take advantage of the Readers Digest deal you featured the other morning in Morning Deals.
@The Name's Ash78, Housewares: People still "read" tv guide? I figured the onscreen menu would've killed that magazine by now.
Except for the fact that I know a number of people who have done debt settlement and gotten themselves out of huge jams. Sure you can try to negotiate on your own, but most banks won't do anything in terms of lowering your balance. The real shot you have is lowering your interest late, but that doesn't help people who really need help. 9/10 they started with the lowered interest rate and losing a job or whatever bad thing they had happen caused them to not be able to afford their bills.
So no, you can't necessarily just do it on your own. None of them were able to reduce their balance on their own. And getting sued wasn't something they wanted. Like I said about the credit repair post, you could buy a house on your own, but a realtor can make it much easier.














This clearly rules.