Father/Son Credit Scammers Indicted

Families who are in debt often seek solutions through credit repair companies who promise to held rid them of debt. Unfortunately, not all companies are in business to help people as several Ohio consumers recently learned.

The father and son team behind the Liberty Resources credit repair company were indicted this week for 17 counts of mail and wire fraud in addition to money laundering according to an online report.  The scheme was set up to help people eliminate credit card debt; instead, customers soon found themselves in a worse situation as they fell prey to the false testimonials featured on the Liberty Resources site.

Dan and Chad Wickline — the father and son team managing the company — could face as much as 20 years in jail if convicted. Two other employees cooperated with federal authorities, reaching separate plea deals.

Be Cautious When Reading Debt Consolidation Articles

Readers to DebtQuit know that some of the advertisers featured on this site through various ad feeds are not automatically endorsed by this site. In fact, when an ad from a sponsor with a poor consumer reputation shows up, I can go to the ad filter to block that ad from reappearing. No, I cannot be on this site 24/7/365 so I am sure that you’ll find the occasional bad apple every now and then.

What is easier for me to filter out are some of the debt consolidation articles I find scattered around the internet. I won’t name sources as I do not want to draw special attention to these sites, however if you do come across an article that makes you wonder about its veracity, then simply check the author box at the end of the article for more information.

The author’s resource box should give you enough information about the writer to help you determine if that article is something you want to reference. In many cases, you will learn that the writer has posted links back to his own business and a closer inspection of that site will tell you plenty about what type of business they run.

No, writing articles for your own business is not wrong — I frequently employ this tactic myself. What is wrong is giving advice that is completely self-serving, information shared that is meant to get consumers to part with their money at their expense.

As much as possible seek independent verification of what you read. At the very least, compare several sources to uncover whether something that has been written is indeed true. An educated consumer is a cautious consumer.