A debt settlement company telling you to pay a fee before they settle anything isn’t industry standard — it’s a federal violation. The FTC’s Telemarketing Sales Rule has banned advance fees since 2010.
Quick Answer: USOBA enlisted 12 Republican Congress members to lobby the FTC against banning upfront fees for debt settlement companies. USOBA admits the vast majority of consumers fail to resolve their debt, yet consumers pay 15% of enrolled debt upfront for services they may never receive.In a move that flies in the face of protecting …
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