Saturday, February 26, 2011

Federal Trade Commission bans Up Front Fees for Debt Settlement companies!

The reason why the FTC banned up front fees for debt settlement companies was because a lot of those companies used deceiving sales tricks and promises to enroll people into their programs, therefore consumers found themselves paying a lot of money with the illusion that their debt was being payed, for example. The exemption of this ruling is for honest companies that disclose all the important information without excluding anything and educate the consumer about their rights and their best option to get out of debt. This is what we are trying to do here! Ask your questions, share your own experiences and learn from this Blog! Also, visit our website at www.consumercr.com

Thanks!

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