Information Bank

One of the cruelest dimensions of our current economic crisis is that unscrupulous people take advantage of others' desperate need for help.  We are most vulnerable—and most gullible—when we're in dire straits.  Some entrepreneurs, like vultures, flock to the wounded and injured.

It always amazes me to see how many TV and radio ads appear with the same themes:  "I owed millions in taxes, but only had to pay a few hundred after contacting the (blank) tax firm."  "My credit card debts were overwhelming, but (blank) got them off my back."  "We were going to lose our home because we couldn't pay the mortgage (that some other glib outfit persuaded us to take) but now Fast Buck Financial Corp. has the solution."

Are these people Good Samaritans, or are they after the last drop of blood that can be squeezed out of those who are desperate and almost broke?  Often people with financial problems do need legal advice, or financial counseling, or both.  But it's important not to go from the frying pan into the fire.  How to find trustworthy advice?

It's very important to start local, and to educate yourself.  Don't be shy about contacting knowledgeable friends, daring to explain your situation honestly, and asking for their perspective and advice.  They may be happy to help, even flattered that you thought enough of their experience to ask them.  Share your concerns with spouse or close friend:  then two of you—or more—are looking for good solutions.  Check out whether Topeka Shawnee County Public Library can provide you with information—their librarians can be very helpful in guiding you to the right spot.

Use the same strategy when seeking legal council, accounting help,  or financial advice.  Check with people you know with business, banking and financial experience, and ask them to suggest honest and reliable professionals.

And the don'ts!  Don't trust people who have all the answers.  Don't trust those who want to get their hands on what's left of your money.  And (my pet peeve) never respond to a radio or TV ad that recites an 800 number three—or even four!—times in one ad, promising salvation!

Finally:  Remember the Kansas State Motto:  "Ad Astra per Aspera"—To the Stars through Difficulties."

Glenn Swogger, Jr., M. D.