Sentences with phrase «against the debt settlement»

Debt settlement complaints rising Since the start of the recession, the Better Business Bureau has received more than 3,500 complaints against debt settlement companies.

«GAO found the experiences of its fictitious consumers to be consistent with widespread complaints and charges made by federal and state investigators on behalf of real consumers against debt settlement companies engaged in fraudulent, abusive, or deceptive practices,» the report concluded.

The Federal Trade Commission has brought numerous enforcement actions against debt settlement firms and has warned consumers to be wary when selecting one.

The Attorney General's Consumer Fraud Bureau has recorded a sharp rise in consumer complaints against debt settlement companies that claim they can significantly reduce consumers» credit card debt and provide them with an alternative to bankruptcy protection.

They believe they need to compete against debt settlement and do what they can to kill the industry and that will somehow make credit counseling a better solution.

Illinois Attorney General Lisa Madigan today filed four lawsuits against debt settlement companies, alleging...

So right from the start, you've got the deal and you've got the protection which contrasts against debt settlement where it's all done based on faith that at the end when you've got this money, we're going to make the offers and the offers are going to be accepted.

While the flood of lawsuits against debt settlement companies has slowed considerably yet one more class action has been added against Meracord, Noteworld, and Fidelity and Deposit Company of Maryland.

Attorney General Lisa Madigan and Acting Secretary of the Illinois Department of Financial and Professional Regulation (IDFPR) Michael T. McRaith warned consumers facing significant credit card debt about the risks of debt settlement offers as she announced two lawsuits filed against debt settlement firms.

A review of DFI's «Consumer Alert» webpage found no warning against debt settlement companies.

Not exact matches

Matt Zuchetto, a lawyer in Washington state who has filed class - action lawsuits against debt - settlement companies, says many established players simply modified their fee structures.

(Bloomberg)-- An investment fund that's seeking a payout from the Cuban government on more than $ 1.3 billion in defaulted debt and back interest has hired the lawyer who won a settlement for hedge funds in a long - running legal battle against Argentina.

The Attorney General's (AG) Department discontinued its case against Alfred Woyome, in the GHc51 million judgment debt saga because it was considering a possible settlement with the defendant, President John Mahama has said.

On Friday, Attorney General Eric T. Schneiderman announced that his office reached a settlement with Forster & Garbus, one of the largest debt collection firms in New York State, to ensure that it does not file actions against New Yorkers to collect on payday loans.

Of course, the best thing about a secured credit card is that your debt settlement history likely doesn't count against you like it does with other credit cards.

Whether debt settlement counts against you in a credit check depends on what you're applying for.

While debt settlement would then show up in a credit check, it won't always count against you.

National Debt Relief is one of the top debt relief companies, and services a wide range of debt consolidations and settlements, but how does it stack up against the competitDebt Relief is one of the top debt relief companies, and services a wide range of debt consolidations and settlements, but how does it stack up against the competitdebt relief companies, and services a wide range of debt consolidations and settlements, but how does it stack up against the competitdebt consolidations and settlements, but how does it stack up against the competition?

If you have home equity available, you might consider borrowing against it to help fund your debt settlement payments.

Chapter 13 also protects your loan cosigners against collection efforts if the bankruptcy settlement obligates you to repay the debt yourself.

Yesterday the Consumer Financial Protection Bureau filed suit against American Debt Settlement Solutions, Inc. and Michael DiPanni.

Many debt settlement companies also tend to underplay the likelihood of your creditors taking legal action against you prior to finishing the debt settlement process.

Beware: Some debt settlement firms will ask for upfront fees before settling any debts, a practice that is against the law.

Attorney General Andrew M. Cuomo today announced a new development in his nationwide investigation into the debt settlement industry, filing suit against two debt settlement companies for fraudulent business practices and false advertising.

And while the campaign has been ongoing for over a year, changes in the debt settlement world these days have little to do with a campaign against specific debt settlement companies than the impact of the positive FTC Telemarketing Sales Rules that went into force at the end of 2010.

Attorney General Andrew M. Cuomo today announced that his office has won a lawsuit against a national debt settlement company, barring the company from doing business in New York state unless it posts a $ 500,000 performance bond...

Each complaint asks the court to enter a permanent injunction barring the defendants from engaging in debt settlement in Illinois and order the defendants to pay restitution for aggrieved consumers, civil penalties of $ 50,000 for violating the Consumer Fraud Act, an additional $ 50,000 penalty for each violation committed with the intent to defraud, as well as a $ 10,000 penalty per violation committed against a person 65 years or older.

Recently I've written about class action lawsuits by debt settlement company employees against their employers for wage issues.

However, if settlement fails, you can still use that FTC's finding of a violation against the debt collector in court.

The question presented is whether a collection letter sent to collect a time - barred debt that makes a «settlement offer» to accept payment «in settlement of» the debt could violate the Act's general prohibition against «any false, deceptive, or misleading representation or means in connection with the collection of any debt.»

Today the Manhattan U.S. Attorney filed a criminal indictment against Mission Settlement Agency, Mission Abstract, LLC, Alpha Debt Settlement, Michael Levitis, Denis Kurlyand, Boris Schulman, Manuel Cruz, and James Leon.

The number of complaints the States have received against debt relief companies, particularly debt settlement companies, have consistently been rising and have more than doubled since 2007.

(f) Except as otherwise provided in subsections (c) and (d), if a plan contemplates that creditors will settle an individual's debts for less than the principal amount of the debt, compensation for services in connection with settling a debt may not exceed, with respect to each debt, 30 percent of the excess of the principal amount of the debt over the amount paid the creditor pursuant to the plan, less, to the extent it has not been credited against an earlier settlement fee:

For exactly the reasons you outline, creditors and agencies have taken an adversarial stance against the industry at large and come to view the involvement of a debt settlement firm as being a hindrance rather than a benefit.

As the debt settlement industry fights back against legislation and regulation does the industry really need two trade groups?

Yesterday I published a story about The Scott Law Group in Washington that had just obtained a $ 1.5 million judgment personally against the owners of a now defunct debt settlement company, Debt Relief debt settlement company, Debt Relief Debt Relief USA.

Regardless of your credit score, we recommend against applying for new credit while going through a debt settlement program.

If you read up on the pending lawsuits against Tax Resolution firms like JK Harris, Roni Deutch etcâ $ ¦ they have similar issues of complaints the debt settlement industry had.

It's an argument that the FDIC raised in their action against Rocky Mountain National Bank, a duty to make sure their debt settlement clients were complaint with state laws and not misleading or harming consumers..

If you read up on the pending lawsuits against Tax Resolution firms like JK Harris, Roni Deutch etc... they have similar issues of complaints the debt settlement industry had.

A tipster (send in your tips here) sent me in the link to the current California debt settlement bill that listed who was before and against it.

Those who need legal assistance to achieve a reasonable debt settlement, take action against a creditor engaged in creditor abuse, pursue an insurance settlement, or need help with tax resolution, there is help!

For example, some settlements against payday lenders provide vouchers for redemption for future payday lending services, which only serve to perpetuate the spiral of consumer debt.

Once perfected, statutory demands were presented against both guarantors which resulted in the immediate start of negotiations followed by an instalment settlement of the entire debt, plus interest.