debt

5 scary paths that lead to damaging debt

Horrifying money moves
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Horrifying money moves © littleny/Shutterstock.com

Horrifying money moves

Forget the ghosts and goblins at your door this Halloween or even the things that go bump in the night. What's truly horrifying is what can happen to your hard-earned money if you are not vigilant.

"Scary financial things can happen if you are not careful and aware," says Leslie Tayne of Tayne Law Group, a debt management and resolution law firm based in New York. Tayne says she is all too familiar with financial scenarios that leave individuals and families strapped for money or even penniless.

The top horror shows? Tayne identifies several: identity theft and hackers, co-signing gone wrong, scams and more.

Let's peer into these terrors one at a time.

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