As previously discussed here, so-called "debt negotiation" companies are engaged in questionable practices in the name of helping consumers. David Giacalone's f/k/a blog notes that the FTC recently settled claims against several debt negotiation firms that the FTC says had "led many into financial ruin." The settlement prohibits the companies from engaging in a variety of deceptive practices, including the companies' claim that they could reduce consumers' debt by up to 60 percent.
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Monday, November 03, 2008
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Finally! so many scumbags out there offering debt settlement services.
Posted by: Debt Negotiation Settlement | Saturday, March 07, 2009 at 10:31 AM