debt-relief

Beware of TV ‘debt relief’ companies – Blue Mountains Courier-Herald

Beware of TV 'debt relief' companies Blue Mountains Courier-Herald On a weekly basis, our office sees examples of how ' debt settlement ' companies like this one actually affect people's lives. One example is a couple in their 70s seen last week. Struggling with debt, the couple contacted a 'debt relief' company … The Naked Truth Behind Debt Relief & Settlement Companies PR Web (press release) all 4 news articles

debt-relief

CMI CEO to hold debt settlement talks with creditor banks – Digitimes

CMI CEO to hold debt settlement talks with creditor banks Digitimes Chimei Innolux (CMI) CEO Hsing-chien Tuan will lead a negotiation team to hold debt settlement talks with its creditor banks on January 20, hoping the banks will allow it to postpone principal payments, according to industry sources. … and more

debt-relief

Los Angeles Area Debt Settlement Company Launches Debt Relief Blog – PR Web (press release) (blog)

Los Angeles Area Debt Settlement Company Launches Debt Relief Blog PR Web (press release) (blog) The Debt Pro Blog provides information for consumers on debt settlement and other debt relief options, and reports on the fraud that is still being committed by bad debt settlement companies. ACI has never charged our customers up-front fees for debt … and more

debt-relief

Consumer alert: Debt reduction companies – MarketWatch (press release)

Consumer alert: Debt reduction companies MarketWatch (press release) This process is often called “debt reduction,” ” debt settlement ,” “debt relief” or “debt negotiation.” Consumers who are looking for information on dealing with their debt will find tips on getting out of debt on FCAC's website at fcac.gc.ca. … and more

debt-relief

Banking and Finance : Debt Settlement – Why Debt Settlement Companies Are … – SkyNewswire.com

Banking and Finance : Debt Settlement – Why Debt Settlement Companies Are … SkyNewswire.com It would be wise to not go directly to a debt settlement company but rather first visit a debt relief network. The top debt relief networks only allow debt settlement companies into their accredited organizations that prove a track record of … and more

debt-relief

Lending standards still tight for most banks – Debtmerica Relief

Lending standards still tight for most banks Debtmerica Relief Debtmerica is a leading debt settlement company that offers assistance to individuals and families who are experiencing financial difficulties and hardship. We offer debt resolution programs that specialize in negotiated debt settlement that assists … Banking, Money and Finance : Debt Settlement Deals – Stop Paying Back … Prudent Press Agency (press release) Banking and Finance : Debt Settlement How To Reduce Your Credit Card Balances … SkyNewswire.com all 16 news articles

debt-relief

Obama Credit Card and Mortgage Debt Relief Programs Not Available – Government … – Subprime Blogger (blog)

Obama Credit Card and Mortgage Debt Relief Programs Not Available – Government … Subprime Blogger (blog) In fact, the federal government is working very hard to monitor the debt relief and debt settlement industry as the FTC continues to punish companies claiming government or Obama approval. Rather than assuming that the federal government or president …

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Obama Credit Card and Mortgage Debt Relief Programs Not Available – Government … – Subprime Blogger (blog)

debt-relief

Debt relief pitches are not always what they seem

Article by Robert Tikoyan of Business and Finance Net

The numbers of letters that come in the mail claiming that a person has been selected to be part of an exclusive debt relief option are not always what they appear to be. The recession has caused these companies to start doing a brisk business and to undergo heavier regulation by the Obama administration. The new rules protect consumers, but the buyer beware rule applies to this situation.

Even though the rules prevent the companies from collecting their own fees until they provide debt relief for the consumer, the companies often charge high fees or cannot offer the same amount of debt reduction the letters in the mail promise to prospective customers. Companies can also no longer put money into an account for debt relief unless the account is maintained at a third party institution.

The above rules apply to legitimate consumer debt relief agencies that operate on a for-profit basis. Even though the rules were put in place to prevent the abuses of the industry, there are still a number of companies that are fraudulent and do not offer legitimate services. A consumer may not always find out which ones are legitimate and which ones are not before the debt relief agency takes a consumer’s money. 

The Federal Trade Commission can help a consumer avoid legitimate companies, but the best bet is to avoid such conflicts in the future. The best way to avoid falling for debt relief scams is to not use the services. Non-profit consumer credit counseling agencies work just as well.