Cambridge Credit Counseling Puts Out New Video on Debt Settlement Rules

Starting October 27, 2010 the Federal Trade Commission’s Telemarketing Sales Rule will prohibit for-profit debt settlement companies from charging fees to consumers until the company has preformed an actual service. The Telemarketing Sales Rule applies to debt settlement companies that solicit consumers by phone, and to settlement agencies that receive calls in response to ads.

Consumers should be aware that many debt settlement companies are already trying to find ways to evade these new rules and so you’ll need to be on the alert. Watch this week’s webisode from Cambridge Credit Counseling Corp. to learn more. Host: President and CEO, Christopher Viale.

Click here for credit counseling information.

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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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