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

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. Comments of Michael Calhoun, President, of the Center for Responsible Lending to the Federal Trade Commission Notice of Proposed Rule-Making: Telemarketing Sales Rule Debt Relief … Read more

Transcript of Undercover Calls to Debt Settlement Companies by Government Investigators

Here is a copy of the undercover calls government investigators made in their examination of fraudulent and deceptive practices by debt settlement companies. 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 this.): Clip 1: Call from GAO to … Read more

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

“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 … Read more