Consumer Reports: What to know about debt consolidation services
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Consumer Reports: What to know about debt consolidation services
For many families, credit card debt is a huge source of stress, and when the bills keep piling up, it might seem like there’s no way out. But before you lose hope, you may qualify for debt consolidation. Consumer Reports breaks down how it works, how it helps families, and what to know before you sign up.
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A new rule by the Consumer Financial Protection Bureau (CFPB), which will take effect next year, would allow debt collectors to contact you on social platforms like Facebook, Instagram, and Twitter. CR's Lisa L. Gill and Tim Marvin discuss this new rule, what it means for consumers, and what steps to take if you're contacted by a debt collector today. For more information, visit CR.org/debtcollectordms | Consumer Reports
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