Further, industry groups like the National Foundation for Credit Counseling and the
non-profit American Consumer Credit Counseling
service both offer information on free or low - cost
debt relief programs.
The proposed amendments contained in § 310 (a)(2)(x) make it an unfair and deceptive trade practice for a
debt relief company to misrepresent any material aspect of its
services including, but not limited to, the time it will take for the
debt relief company to settle the consumers»
debts, the cost of the
services, the impact on a consumers» creditworthiness, the
debt relief company's prior success rates, and the status of the
debt relief company (i.e., as a
non-profit).