On August 16th I wrote about a Department of Justice blog post about debt settlement that was, let’s politically say, perplexing. Ah what the hell, it was just plain old fucked up.
The Department of Justice made some very uninformed statements about debt settlement, like “Fraudulent debt relief companies will often make claims of being able to negotiate a one-time settlement with creditors that will reduce a consumer’s principal by fifty percent or more.” You can read the full post here.
I brought these problems in the post to the attention of the DOJ and I even called them about it. Today they appear to not have made any changes. – Source
Well the AFCC (American Fair Credit Council) sent me a copy of their statement to the DOJ. Let me summarize their September 4th letter:
Dear Attorney General Holder,
You can read their entire statement, here.
AFCC Just as Peeved About Uninformed DOJ Position on Debt Settlement by Steve Rhode
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