Debt Relief Law Offers New Protections

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Replied by Meya on topic Re: Debt Relief Law Offers New Protections

The consumer protection or protecting the rights of the consumers is one of the prime focal points of the government of any nation and USA is not an exception. The consumers who were looking for debt relief options after their financial well being was massacred by the recession were actually fooled by the scammer present in the relief industry. This triggered a wave of apprehension and the consumers were wary about approaching any relief company. The reason was simple. These fraud companies were infringing right into the rights and interests of the consumers and were making profit at the cost of hard earned money of the consumers.

The new debt relief laws will also put a limit on the amount of the money that will be charged by the companies and this will ensure that the consumers do not end up paying too much to any company. This is how the debt settlement consumer protection act of the new debt relief laws are intending to help the consumers.
With the new FTC laws recently passed, debt settlement is a legitimate alternative to filing bankruptcy. Creditors are ready to negotiate and now you won't have to pay a fee unless your debts actually settle.

See article from Mary Tomkins on this subject

Thanks so much for your valuable information.:white-flag:
8 years 10 months ago #1

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Replied by Jeffrey on topic Re: Debt Relief Law Offers New Protections

The consumer protection or protecting the rights of the consumers is one of the prime focal points of the government of any nation and USA is not an exception. The consumers who were looking for debt relief options after their financial well being was massacred by the recession were actually fooled by the scammer present in the relief industry. This triggered a wave of apprehension and the consumers were wary about approaching any relief company. The reason was simple. These fraud companies were infringing right into the rights and interests of the consumers and were making profit at the cost of hard earned money of the consumers.

The new debt relief laws will also put a limit on the amount of the money that will be charged by the companies and this will ensure that the consumers do not end up paying too much to any company. This is how the debt settlement consumer protection act of the new debt relief laws are intending to help the consumers.
With the new FTC laws recently passed, debt settlement is a legitimate alternative to filing bankruptcy. Creditors are ready to negotiate and now you won't have to pay a fee unless your debts actually settle.

See article from Mary Tomkins on this subject
8 years 10 months ago #2

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  • marylan73
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8 years 10 months ago #3

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