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The Basics Blog 4.19.11

Credit Card Debt Settlement Fees Now Limited

Finally, Limits for Debt Settlement Firms
FTC: No more upfront fees for companies to help consumers
Las Vegas Review - Journal
However, the FTC regulations have big holes, and some analysts say Nevadans may need to pursue complaints under a new state law on debt collection services. ...

New Rule Prohibiting Collection of Upfront Fees Does Not Take Effect until Oct. 27
Consumers Face Huge Losses With Debt Settlement Firms
DailyFinance
Everyone has seen the ads that predominate on the Internet and on late night cable television: We can help you settle your credit card debt for 50 cents on ...

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