This year, the FTC passed new rules that change the way many
debt settlement firms operate.
Not exact matches
«Those
firms that were
operating in the U.S. did get squeezed out,» says Henrietta Ross, executive director of the Ontario Association of Credit Counselling Services and an outspoken critic of
debt settlement.
Some
debt settlement companies and law
firms will charge you upfront fees and never perform, these companies are
operating illegally.
Unfortunately, the rules also left what USOBA views as gaping loophole, which allows makeshift law
firms and nonprofits to continue
operating debt settlement companies.
Not only that, both
debt settlement and
debt negotiation have a large number of questionable
firms operating in this industry.