Current News Articles-
Getting relief from 'debt relief' companies -Fri, 30 Jul 2010
Debt Relief, Debt Settlement, and Debt Negotiation companies. Their ads claim that they can reduce or eliminate your unsecured debt, particularly your credit card debt.
RELIEF FROM DEBT RELIEF -Fri, 30 Jul 2010
FOR IMMEDIATE RELEASE FRIDAY, JULY 30, 2010 CONTACT: AARON SADLER aaron.sadler@arkansasag.gov (501) 682.0517 RELIEF FROM DEBT RELIEF LITTLE ROCK -Debt Relief, Debt Settlement, and Debt Negotiation companies. Their ads claim that they can reduce or eliminate your unsecured debt, particularly your credit card debt. Yesterday, the Federal Trade Comm
FTC rules take aim at debt-relief industry -Thu, 29 Jul 2010
The Federal Trade Commission issued stringent new rules cracking down on the burgeoning debt-relief industry on Thursday, saying it too often charges consumers hefty upfront fees but fails to reduce the amount of money they owe creditors. Business - Debt settlement - Financial Services - Federal Trade Commission - Financial Planning
FTC cracks down on advance fees to debt settlement companies -Sat, 31 Jul 2010
The Federal Trade Commission (FTC) adopted strict new rules on Thursday that ban debt settlement companies from charging advance fees for elimination of credit card balances and other consumer debt. Effective Oct. 27, for-profit companies that sell debt relief services by telephone will no longer be allowed to charge a fee before they successfully settle or reduce a consumer's outstanding debt ...
Debt-settlement firms face new rules -Fri, 30 Jul 2010
WASHINGTON, July 30 (UPI) -- The U.S. Federal Trade Commission said companies helping consumers dig out of debt would be barred in the future from accepting payment in advance. Federal Trade Commission - Debt settlement - Business - Federal government of the United States - Financial Services
The Inception of New Debt Relief Programs Helps Consumers Get Out of Credit Card Debt -Wed, 28 Jul 2010
LOS ANGELES, CA--(Marketwire - July 28, 2010) - Throughout history debt relief has evolved and recently the industry has undergone a dramatic change due to high consumer credit card debt. Debt relief forgiveness can be traced back to biblical times in the Old Testament, when Moses declared a Holy Year to take place every year where all debts are forgiven and all slaves freed. In more recent ...
Government cracks down on debt-settlement companies -Sat, 31 Jul 2010
Companies promising to reduce or eliminate credit card balances and other debt for customers will no longer be allowed to charge an upfront fee. The Federal Trade Commission said last week that the new restrictions are a crackdown on the debt-settlement industry, which flourished during the economic downturn as borrowers ...
Leading Debt Relief Firm Supports FTC Ban on Up-Front Fees -Thu, 29 Jul 2010
CareOne Services supports the Federal Trade Commission Rule issued this afternoon aimed at cleaning up the debt settlement industry by banning the high fees often charged to consumers before services are provided.
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