Sentences with phrase «debt relief companies charge»

C. Does a debt relief company charge up - front fees?

Not exact matches

The FTC's Telemarketing Sales Rule prohibits companies that sell debt settlement and other debt relief services on the phone from charging a fee before they settle or reduce your debt.

Other debt relief companies do not charge this fee for the same services.

National Debt Relief is a reputable company that charges no upfront fees, including fees to get started.

Additionally, debt relief companies are legally not allowed to charge fees until after a debt has been settled.

There is nothing worse than a debt relief company that doesn't perform and still charges the consumer a fee.

Last year the Consumer Financial Protection Bureau took action against two companies — College Education Services and Student Loan Processing — that it said «exploited vulnerable student loan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.»

The FTC recently announced actions against a handful of these so - called debt relief companies that promise to lower the student loan debt, charge an upfront fee, and do nothing in return.

Beware of «debt relief» companies that charge (often a lot of money) for these same services that you can do for free.

They had worked with another debt relief company in the past, but the company made their payments late to their creditors and was not giving them any relief from interest charges and late fees.

The debt relief company says they can negotiate the total down by half to, say, $ 10,400, and that it will only charge you a «fee» of 25 percent of the $ 9,600 you «save».

They say «This Watch List names companies that charge for fraudulent or questionable debt relief services.»

National Debt Relief strictly abides by this rule and will not charge any further monthly maintenance fees, which many other notable companies will add - on.

With credit card companies and student loan servicers charging such high - interest rates and fees, debt relief solutions can rescue consumers from being taken advantage of and ripped off by the banks.

The Federal Trade Commission filed a lawsuit Feb. 9, 2017, against three interrelated student loan debt relief companies for allegedly violating Section 5 of the FTC Act and the Telemarketing Sales Rule.The FTC issued a press release saying that the defendants illegally charged thousands of consumers more than $ 28 million.

The Telemarketing Sales Rule, enforced by the Federal Trade Commission, requires companies that sell debt relief services to explain their fees and tell you about any conditions on their services before you sign up; it also prohibits companies that sell debt relief services by phone from charging a fee before they settle or reduce your debt.

It's ironic that making bankruptcy more complicated may actually entice debt relief companies to recommend bankruptcy more often, since they can charge extra for the additional complications and paperwork.

The advance fee ban prohibits debt relief companies from charging a consumer for debt relief services until the service has been delivered.

Or, the credit debt relief company that you worked with caused you more debt, or damaged credit, than before because of the huge fees they charge while providing little in the way of services.

In two high profile cases, the CFPB and Florida's Attorney General shut down student loan debt relief company College Education Services and, separately, filed a lawsuit against Student Loan Processing US for running illegal debt relief services that, «exploited vulnerable student loan borrowers, made false promises about their debt relief services, and charged illegal upfront fees.»

Last week, the Federal Trade Commission (FTC) and the State of Florida filed a complaint against two companies charged with running debt relief schemes that targeted student loan borrowers.