Companies for debt consolidation offer better interest rates with most
creditors than the average consumer, enabling large reduction of payments through lowering or even elimination of interest charges from your credit.
Proposed § 1026.19 (f)(3)(ii) would have provided that a
creditor or settlement service provider may charge a
consumer or seller the
average charge for a settlement service if the
average charge is no more
than the
average amount paid for that service by or on behalf of all
consumers and sellers for a class of transactions, the
creditor or settlement service provider defines the class of transactions based on an appropriate period of time, geographic area, and type of loan, the
creditor or settlement service provider uses the same
average charge for every transaction within the defined class, and the
creditor or settlement service provider does not use an
average charge for any type of insurance, for any charge based on the loan amount or property value, or if doing so is otherwise prohibited by law.