Posts Tagged ‘debt settlement company regulation’

Proposed Limits on Debt Settlement Companies Too Lenient

Posted on: April 13th, 2009 by Kenneth Long 6 Comments

Debt settlement companies have thrived on rising defaults on all sorts of consumer debt, especially credit cards and unsecured personal loans. Their profits have been through the roof even though the vast majority of their clients never successfully settle their debts. Newly proposed legislative limits still allow sky-high fees and almost no accountability. (more…)

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