Managing debt and credit can be overwhelming, particularly when left untouched. Debt settlement and credit repair companies have long been part of the financial landscape, but understanding what they do, how to interact with them, and how they are regulated in Idaho is crucial for making informed financial decisions and maintaining healthy financial standings.

The Idaho Department of Finance (IDOF) is alerting consumers to alarming new tactics reported in increasingly sophisticated imposter scams, wherein scammers disguise themselves as romantic connections, potential employers, or investment professionals, tricking victims into linking financial accounts and initiating an electronic request to transfer funds.