FMOOD 0321: Nationally Sanctioned Debt Reduction Initiative Scam - a podcast by Tom Merlino | Tom is inviting you to follow him on his journey to get out of debt and get into prosperity.

Beware of this new scam that may be hitting your mailbox soon (if it hasn't already). This scam targets folks who are getting desperate or folks who want to get on the fast track to reducing debt expenses in the form of reducing the interest rates on credit cards.

 

While this is definitely a scam, the notice being mailed out to folks does appear to make it seem official. Included in this notice is your name along with a personal case ID. You'll even receive a summary of what you owe on your credit cards along with an average interest rate. This scam notifies us that we've been selected to participate in an initiative that I have personally never heard of before, and that's because it simply doesn't exist.

 

The notice that you receive may be the same or similar to the content immediately following below:

 

We're assessing your situation. Supported resolution documentation requested.

 

You have been selected to participate in a Nationally Sanctioned Debt Reduction Initiative. This program allows select individuals to reduce their adjustable unsecured credit card rates to as low as 0% APR.

 

We now need you to provide information to support your claim summary. We encourage you to act fast as program guidelines only allow for a limited number of participants. This program is backed by every major credit card provider in the country and is specifically designed to keep your credit score in excellent standing.

 

Failure to respond may affect your program rights. It is important that you call toll-free WITHIN 5 DAYS OF RECEIPT of this letter.

 

The bottom line is this. The best way for us to pay off our debt and eventually get into prosperity once we've paid off our debt is to roll up our sleeves and get to work. There truly is no better way, and there are no shortcuts to cleaning up the messes that we have already made. Don't fall for these scams that will surely make your situation worse than before. God bless.

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