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Recent Debt Settlement Usa News:
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... Group deceived consumers by promising to reduce their debts by half and leave them debt-free without bankruptcy, but in reality settlements were rarely achieved. The complaint contends Metzner's company advertises its services online, through ...
debt settlement provides an important service for both consumer and creditors. It allows consumers to settle past-due unsecured debt accounts for much less than originally owed, and it allows creditors to receive a portion of what is owed to them,
Debt settlement companies are now banned from collecting upfront fees for their services. Now consumers and small businesses that opt for debt settlement won’t have to pay a dime until their debts are actually settled. The new debt settlement legislation ...
2010) -- Tribune bondholders that hold more than $1 billion in unsecured debt, including money manager Aurelius Capital Management ... which includes a $120 million cash payment from lenders who received service on certain prebankruptcy loan payments,
Not all companies practiced fraudulent debt settlement services, but it only takes a few bad eggs for new laws and regulations to take place. At the end of this month debt settlement companies will no longer be able to charge upfront fees for their services.
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