“Dear Steve, I am with a debt sttlement company. Was with Allegro but after reading a blog you had I pulled out of them. I am with another debt settlement company now. Have once again paid all my upfront fees. What happens if they go under? My creditors will not care and I just do …
With regulation of the debt settlement industry around the corner and the debt settlement groups saying that when debt settlement companies are prevented from collecting fees before providing service that 85% of them will go out of business, it’s time we talked about what to do when your debt settlement company fails. The vast majority …
New regulatory action by the Federal Trade Commission and the Debt Settlement Consumer Protection Act will probably put a vast majority of debt settlement companies out of business. My bet is that those companies that close doors will soon file bankruptcy to terminate any claims a past client might have for refunds. Hopefully many of …