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CRL Says TASC and USOBA Harm Ordinary Families at the Hands of Debt Settlement Companies

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Here is another letter sent to the FTC in support of banning advance fees for debt settlement programs. It is notable for it’s strong statements and its well documented footnotes. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? Comments of Michael Calhoun, President, of the Center for Responsible Lending to the Federal Trade Commission Notice of ... Read More »

    Transcript of Undercover Calls to Debt Settlement Companies by Government Investigators

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    Here is a copy of the undercover calls government investigators made in their examination of fraudulent and deceptive practices by debt settlement companies. Get Out of Debt Guy – Twitter, G+, Facebook Need More Help? TRANSCRIPT OF UNDERCOVER GAO CALLS TO DEBT SETTLEMENT COMPANIES Telling consumers to stop paying their creditors. (Industry trade groups say their members do not do ... Read More »

      Freedom Debt Relief Said Debt Settlement is Looking Like a Good Option for Us. – DeDe

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      “Dear Steve, My husband and I have nearley 100k in unsecured credit card debt. Our creditors are AMEX (55k), Chase, Capital One, Barclays Bank, JCPenney, and Bank of America. We alos owe the IRS about 10K. Due to the troubled economy, I recently lost my job and cannot seem to find another one. Due to the recent credit card law ... Read More »

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