Consumer Debt Counseling

Debt Relief Companies Get Hit with New Government Rules

Debt relief companies are in hot waters, as new changes to the Telemarketing Sales Rule (TSR) will prevent them to charge upfront fees until they actually do something for the consumer, Wall Street Journal reported. The TSR provisions will be in effect beginning Sept. 27. Three rules apply: (1) debt relief companies are to let consumers know what will happen, (2) what it will cost, (3) and how ...

New rules protect consumers from debt-relief scams

Consumers will be protected from debt-settlement companies that charge hefty upfront fees and make questionable claims, thanks to new government rules that take full effect in late October.

Sorting Out Debt-Relief Promises

Consumers will be protected from debt-relief companies that charge hefty upfront fees and make questionable claims, thanks to new government rules that take full effect in late October.

New rules restrict credit counselors

The North Platte Telegraph We've all seen the ads, we've received the phone calls. Buried in credit card debt? Want to settle what you owe for pennies on the dollar? Falling for the pitch of companies who promise to help you pay off your debt can cost hundreds of dollars and leave consumers facing the same amount of debt. It's called "front loading," and the Federal Trade Commission is going to ...

'Good debt' exists for wise students

Debt begins in college for many students because loan options and credit card applications abound. The problem is that many students are unaware of the responsibilities that come with either.

New regulations make changes to debt relief services

The scenario usually goes something like this: You get a phone call from a debt relief company. The person at the other end promises that for a fee he can reduce the interest rates on your credit cards. In fact, he guarantees you that his program will save you several thousand dollars or your membership fee will be returned in full. A few weeks later you get a welcome package from the company ...

Major crackdown to protect consumers from debt relief companies

The federal government is poised to enact significant restrictions to protect consumers from some of the most reviled practices used by debt relief services.