NEW YORK (AP) – Companies that promise to reduce or eliminate credit card balances and other debt for customers will no longer be allowed to charge an upfront fee.
Posts Related to Debt Settlement Crackdown
Government cracks down on debt-settlement companies
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 ...
Credit card debt reduction companies: The Real Deal
Everyone has heard the ads for companies that promise to reduce credit card debt. For years, they've been charging big bucks upfront to help but, ...
State Seeks Crackdown On Debt Settlement Firms (CBS 2 Chicago)
State Treasurer Alexi Giannoulias wants legislation to crack down on debt settlement companies that prey on consumers who are drowning in credit card bills.
Scam Patrol: New Rules for Debt Relief Companies
Advertisements for Debt Relief, Debt Settlement, and Debt Negotiation companies often claim they can reduce or eliminate your unsecured debt, particularly your credit card debt.
Credit card companies will be forced to help customers under new laws (Times Online)
New laws requiring credit card companies to help customers to reduce their debt rather than encourage them to increase it will be proposed tomorrow.
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