Sentences with phrase «debt relief services before»

Not only is free assistance available through your student loan servicer, many times taking payment for debt relief services before providing help is illegal.

Not only is free assistance available through your student loan servicer, many times taking payment for debt relief services before providing help is illegal.

Not exact matches

Before you do business with any debt relief service, check it out with your state Attorney General and local consumer protection agency.

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.

Before you sign up for the service, the debt relief company must give you information about the program:

The practice is based on historic provincial debt collection legislation intended in part to provide consumers with voluntary debt consolidation service when no one will lend — before the availability of the consumer proposal embodied in federal debt relief, financial restructuring legislation.

Consider the pros and cons of debt relief before you commit to contracting a debt relief company for debt reduction services.

Before you sign up with a debt relief service, check with your state Attorney General to see if any consumer complaints have been registered about the debt relief company.

Florida Attorney General Bill McCollum today announced that he has co-sponsored a letter to the Federal Trade Commission (FTC), asking it to amend a federal rule that would require debt relief service companies to provide services before...

The change is that companies offering debt relief services over the phone can not collect advance fees from you before settling or reducing your debt, before having an agreement for debt management or other services in place, or until you've made at least one payment to a creditor as a result of a plan negotiated by the debt relief provider.

Credit counseling services, like the other services mentioned, can help you find a clear path toward debt relief, but before choosing to use them, keep in mind that they do not offer anything you can't do yourself.

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.

Florida Attorney General Bill McCollum today announced that he has co-sponsored a letter to the Federal Trade Commission (FTC), asking it to amend a federal rule that would require debt relief service companies to provide services before collecting any fees.

But before turning to a debt relief service make sure you educate yourself about money management and learn about ways to reduce your debt load.

The fundamental principle behind a ban on advance fees is clear — it will simply require debt relief companies to render promised services before collecting their fees.

Section 310 (a)(1)(viii), as amended, will ensure that before consumers sign any contracts with or make any payments to a debt relief company, they will be informed of pertinent material facts including, among other things: (i) how long it will take to settle each debt; (ii) the cost to settle each debt; (iii) that the service will not stop harassing creditor calls or other collection efforts; (iv) that results are not guaranteed, and (v) that the settlement program may adversely impact the consumer's credit rating.

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.

I've been hearing stories from clients who, before contacting our firm, received a phone call at home offering debt relief and debt management services.

There are many companies offering debt relief plans across the United States and it is important to consider some factors before acquiring the services of any firm.

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.

The Servicemembers Civil Relief Act (SCRA) provides certain benefits to service members on active duty, including a 6 percent interest rate cap on all debt incurred before deployment.