Federal Government Warnings About Debt Settlement

josh — Thu, 01 Mar 2012 23:13:20 +0000

Senate hearing on debt settlement industry

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“…I’m not aware of any statistics that you’ve helped anyone.”

FTC’s new regulations on the debt settlement industry

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“…that’s a business model based on deceit.”

Senator Charles E Schumer: Senate
Judiciary Subcommittee on Consumer Rights

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“…they’ve just been taking people to the cleaners on this. They come in and say they’ll settle your debts and then they charge such a fortune that you wish they hadn’t even helped you.”

Better Business Bureau Warnings About Debt Settlement

josh — Thu, 01 Mar 2012 20:04:05 +0000

What the BBB has to say

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“…it’s best to contact a certified credit counselor who can walk you through your different options.”

-Marissa Gabrysch, BBB Media and PR Manager