DETROIT – The coronavirus (COVID-19) pandemic is putting many people in dire financial situations.
Scammers are aware of this and hope to take advantage of people online.
Debt consolidation companies are everywhere. But before you sign up, be aware. Financial expert TOm Hakim said while there are some legitimate companies out there -- there are also scammers trying to get personal information.
Remember -- just because you’re being offered a low rate doesn’t always mean it stays low for the lif eof the loan. Be aware of the bait and switch. It’s happening now more than ever.