What Sallie Mae Just Told the SEC About a ‘Refinance’ That Is Actually a Default Trap
Sallie Mae told the SEC that some ‘refinance’ pitches are really pushing able-to-pay borrowers into default. Here’s the filing and what to do instead.
upfront fee debt settlement
They Said I Have to Pay the Debt Settlement Company Before They Do Anything
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.
Debt Settlement Regulation: What It Means
Quick Answer: Debt settlement regulation aims to eliminate bad actors and deceptive marketing practices that currently dominate the industry. U.S. Debt Resolve President Scott Johnson argues that upfront fee models harm consumers and that proper regulation will help legitimate companies establish debt settlement as a reliable relief option.I had a refreshing and frank conversation with …
