Last year, the National Consumer Law Center (NCLC), a nonprofit advocacy group, studied the student
loan debt relief industry.
Not only is Freedom Debt Relief accredited by the Better Business Bureau, we are a founding member of the American Fair Credit Council (AFCC), a group committed to promoting legislation designed to tighten
debt relief industry regulations and protect consumers.
Debt Relief industry leader Golden Financial Services provides this video and slide summary below of the Fair Debt Collection Practices Act (FDCPA).
Usually on our debt relief blog we share money and debt related stories, provide financial tips and
debt relief industry news, but today we wanted to shift gears and talk about what we do here at Golden Financial Services.
The student
loan debt relief industry is known for making big promises that are short on delivering, and many of them charge a service fee for something you could have done by yourself at no cost.
Gov. Andrew Cuomo's newly formed Student Protection Unit has launched an investigation into the student
debt relief industry.
Author: Ruth Adorno has been involved with
the debt relief industry for more than 12 - years now.
There have been numerous complaints about unfair and deceptive practices within
the debt relief industry.
But given the history of fraud and abuse in
the debt relief industry, the inability to provide any legal advice, and the carnage that can be done by defaulting on debt without some real protection, the debt settlement company and credit counselor risks are too great and the advantages too nominal.
Finally, implementation of the Dodd - Frank Wall Street Reform and Consumer Protection Act of 2010 is likely to result in fundamental change in the regulation of
the debt relief industry at the federal level.»
It's probably a bad idea to start off with a negative but here it is, people in
the debt relief industry are going to hate this article.
Paul has extensive experience in
the debt relief industry and student loan relief vertical.
In what has turned into a regular report from this site, here is the next installment in my forecast for
the debt relief industry.
What I offer is my experience with and knowledge of the many pitfalls of the debt collection and
the debt relief industries.
As previously mentioned this was a common practice in
the debt relief industry, specifically debt settlement companies.
The USA is experiencing the highest debt loads ever in history with no end in sight, and
the Debt Relief industry is also booming.
If you are in
the debt relief industry you need to become painfully familiar with this suit because it will...
Mr. Paquin has more than 15 - years experience in
the debt relief industry.
Working in
the debt relief industry for more than 15 years, CuraDebt is among the most established in the business.
The debt relief industry uses the phrase debt consolidation often, where it is used to describe both payment consolidation options and options that truly consolidate your debt.
You must have either sales, financial services or
debt relief industry experience to attend this seminar and obtain employment at Golden Financial Services.
Howard Hayes, our Cambridge trustee, has been working in
the debt relief industry since 2005; first as a Credit Counsellor and now as a Licensed Insolvency Trustee.
In its announcement, the CFPB focused on the connection between the growth of
the debt relief industry and problems with student loan servicers.
Recently there have been a number of governmental changes in the way of regulations that the Debt Settlement and
Debt Relief Industry must follow to legally operate.
Nonprofit credit counselors are the good guys in
the debt relief industry, which is otherwise full to bursting with lies, scams and sketchy players.
The Attorney General's Economic Crimes Division has been focusing on abuses within the debt settlement and
debt relief industries and continues to actively investigate and pursue cases in this area.
Brennan who has been in
the debt relief industry...
Just yesterday I was talking to
a debt relief industry insider and saying, «Whatever happened with Credit Solutions of America, you don't hear about them anymore.»
About the Author: Ruth Adorno is an expert in
the debt relief industry.
Unless
the debt relief industry adopts a policy for student loan assistance like the one above, it will only be a matter or time before the scammers and liars hurt consumers and regulations and enforcement actions begin.
Golden Financial Services has been in
the debt relief industry since 2004, with over 15 years of experience and knowledge.
The States, however, submit that the comprehensive bright line approach reflected in the proposed rules would substantially aid law enforcement agencies in addressing the harms that have been caused to consumers by unscrupulous practices in
the debt relief industry.
It is well recognized that due to a variety of marketplace factors,
the debt relief industry has grown exponentially and in the current economic climate and will continue to do so.
There are frequently changing laws, competitors are continually striving to advance ahead of us and our debt relief program infrastructure needs to adapt as
the debt relief industry evolves.
The States view the eradication of unfair and deceptive practices in
the debt relief industry — and the harm caused to consumers and the marketplace by these practices — as a consumer protection priority.
Paul managed George's company with over 200 employees for many years and obtained an experience of a lifetime, becoming a master in
the debt relief industry before starting Golden Financial Services in 2004.
Golden Financial Services specializes in credit card relief, student loan relief — and is recognized as an authority figure in
the debt relief industry.
Beyond the blatant debt relief scams, most of
the debt relief industry is trying to get you to... [Read more...]
That was a gift to
the debt relief industry as far as I'm concerned.
After having been involved and covering
the debt relief industry for decades now it gets a bit ridiculous to watch the same cycle of birth, hope, and death run its course albeit in sub-prime mortgage, debt settlement, mortgage modification, or student loan assistance.
Yet questionable practices continue in
the debt relief industry.
These are significant rules that will greatly change how
the debt relief industry operates and ensure greater consumer protection.
As leaders in
the debt relief industry, both of our organizations were early supporters of the efforts by the Federal Trade Commission (FTC) to raise standards in the industry.