Image via CrunchBase This is an interesting article, written by a New York Times writer, on her personal experience with debt settlement solicitation. Her reaction is to be suspicious of the upfront fees that the debt relief counselor requested for their services. She turns it into a story about the upcoming FTC TSR/Debt Relief public [...]
New York State Attorney General Going After Debt Settlement
Image by Getty Images via Daylife New York State Attorney General Andrew Cuomo announced a nationwide investigation into the debt settlement industry. This has always been an aggressive office for consumer protection. The debt industry is a necessary survival tool for many consumers that have gotten in way over their heads with easy credit. Unfortunately, [...]
Consumer Protection, How to Throw a Lifeline to Troubled Borrowers
Image by dcJohn via Flickr The lead industry has never been a poster child for consumer protection. However, I think changes in the market and the economy could make our industry increasingly important. Certainly the scammers will remain in pockets, but the “good guys” can set the bar high for consumer protection and service–forcing out [...]
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