Sentences with phrase «consumers about debt settlement»

What appeals to most consumers about debt settlement is that they can eliminate their debt faster and actually pay back less than what is owed.

Unless and until the CCAs wake up to the fact that they need to collectively start educating consumers about the debt settlement option, the entire industry is doomed to irrelevance as the existing DMP solution becomes replaced by internal bank programs (and consumers taking matters in their own hands via all the information readily available online nowadays).

Not exact matches

As consumer debt exploded there, the debt settlement business grew with it and complaints about the sector soon followed.

But neither a credit counselor or a debt settlement company can legally advise the consumer about bankruptcy without running into UPL.

Fraudulent credit card debt settlement programs have become such a problem in New York that the city's Department of Consumer Affairs (DCA) is warning consumers about using them.

Consumers who choose to go the debt settlement route should have a clear understanding about the timing of debt settlement.

I speak with consumers daily about the option of credit card debt settlement.

The Better Business Bureau is a great place to start because many consumers go here when they need to complain about a debt settlement scam.

However, Attorney General Cuomo's Office has found that many of these debt settlement plans are often flawed and, based upon complaints, often mislead consumers about the nature of their services.

Jennifer Osborne is listed as a past director of operations at Phoenix Media Agency and is now the marketing director of a debt settlement company consumers have been warned about, Cambridge Life Solutions.

Now you were talking about offering this settlement and how that all works, I'd like to get into a bit of that but we're going to take a quick break first, and we're going to come back and talk more about consumer proposals with Ted Michalos here on Debt Free in 30.

For Texas consumers struggling with debt, learning more about Texas debt settlement or debt consolidation can reduce stress, eliminate the collection calls and help them get a fresh start toward financial freedom.

Debt settlement Florida program is for consumers that are experiencing a financial hardship (i.e., medical condition, divorce, reduced income, unexpected expenses came up, etc...) A financial hardship can be just about any incident that occurred which resulted in stress on your finances.

We will find out if you qualify for debt settlement, consumer credit counseling or debt validation services in about ten minutes, that's all it takes!

New regulations governing debt settlement and other debt help services are now in effect as the result of consumers complaining about being ripped off by scams that require up - front payment and offer little or no debt help.

During your consultation you will learn about each program including debt settlement, debt validation, credit repair, consumer credit counseling and debt consolidation — you will become a financial wizard by the time we're done teaching you!

Thanks for your online message about credit counselling, debt settlement and consumer protection.

Before you get a credit card loan, learn about all of your debt relief options; including, debt settlement, debt consolidation, debt validation and consumer credit counseling.

This term will apply to whatever applicable law each state has regulating a wide range of services from simply charging a fee to talk to consumers over the phone about their debts right through credit counseling, debt management plans and debt settlement plans.

C. Debt Settlement Companies May Mislead Consumers About The Settlement Process And Its Adverse Effect On Their Credit Rating.

Recently Dave Leuthold, the executive director of TASC, and I have been communicating about the news that TASC has come out, be it a bit begrudgingly, in support of the new Federal Trade Commission telemarketing sales rules (TSR) that regulate the debt relief and debt settlement industry and protect consumers.

The primary consumer protection problem areas that have given rise to the States» actions include: (1) unsubstantiated claims of consumer savings; (2) deceptive representations about the length of time necessary to complete a debt relief program; (3) misleading or failing to adequately inform consumers that they will be subject to continued collection efforts, including lawsuits, and that their account balances will increase due to extended nonpayment under the program; (4) deceptive disparagement of consumer credit counseling; (5) deceptive disparagement of bankruptcy as an alternative for debtors; (6) lack of screening and analysis to determine suitability of debt relief programs for individual debtors; (7) the collection of substantial up - front fees so the debt relief company gains even if it fails to perform; (8) lack of transparency and information for consumers as to payment of fees, status of accounts, and communications with creditors; (9) significant delays in active negotiation or engagement with creditors, coupled with prohibitions on direct consumer communications with creditors; and (10), in the case of debt settlement companies, basing savings claims (and settlement fees) not on the original account balance, but on the inflated amount due (including late fees and default rates of interest) at the time of settlement.

Two - hundred thirty - nine consumers filed comments about their experiences with debt settlement companies, 193 of which expressed positive views.

«I'm looking forward to talking about how debt settlement continues to be a reliable option for consumers in debt as well as for creditors,» Leuthold said.

Based on my experience in covering stories about debt settlement abusive practices it seems like the advance fee ban initiated by the FTC goes a long way to protect consumers but is not so hard and fast that there are not some small allowances given to debt relief providers.

It is not uncommon to see debt settlement sites make claims that debt settlement is faster, cheaper and preferential to bankruptcy without giving consumers the facts about bankruptcy in order to make an informed decision.

SRSOA is here to help consumers make an informed decision about choosing a debt settlement company.

As they say, «SRSOA is here to help consumers make an informed decision about choosing a debt settlement company.»

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.

Call 866-376-9846 to learn more about consumer credit counseling, debt settlement, debt consolidation and debt validation.

Consumer credit counseling services or companies, along with the best debt settlement companies, will assist consumers with learning about all their options.

The Maryland Consumer Right Coalition reached out to me to let me know about upcoming hearings in Maryland that involve debt settlement.

If the consumer cared about money they would not have racked up the bills, fallen behind, paid a credit counselor hundred if not thousands of dollars, would not have thrown a ton of cash at debt settlement companies, and a host of other things.