Sentences with phrase «debt relief companies claim»

Not exact matches

«Debt relief or settlement companies often claim that they can work with your creditors to reduce the amount of money you owe, but that doesn't necessarily mean your loan will settle,» said Dudum.

While true credit counseling services do exist, it has also turned into something as a catch - all term to describe companies that claim to offer consumers some form of debt relief.

Consistent with the FTC's advertising substantiation doctrine, any rules that are promulgated should make clear that it is a violation of the TSR for a debt relief company to make any savings claims to consumers that are not substantiated by data that exists at the time the claim is made.

In the debt relief world debt settlement and credit counseling companies claim bankruptcy prevents people from getting jobs and that's why...

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.

Debt relief firm that claimed ties to US government sued by CFPB — The Consumer Financial Protection Bureau sued two companies both known as FDAA for an allegedly illegal debt relief scheme targeting credit card debtors... (See Fake debt relief firm sued by CDebt relief firm that claimed ties to US government sued by CFPB — The Consumer Financial Protection Bureau sued two companies both known as FDAA for an allegedly illegal debt relief scheme targeting credit card debtors... (See Fake debt relief firm sued by Cdebt relief scheme targeting credit card debtors... (See Fake debt relief firm sued by Cdebt relief firm sued by CFPB)

Sydney's experience includes contractual disputes, company, shareholder and partnership issues, emergency injunctive relief, regulatory investigations, professional negligence, stock broking, banking and insolvency disputes (corporate and personal) fraud claims, investigations and asset and debt recoveries.