subject: Federal Debt Relief Help - What Consumers Are Gaining From Stricter Debt Laws [print this page] Federal Debt Relief Help - What Consumers Are Gaining From Stricter Debt Laws
With the Federal Trade Commission of the United States playing an important role in terms of debt settlement, today the consumers who are down with massive debts do enjoy a certain treat. It is because the new laws implemented by them have thrown away many fraudulent relief services out of the window and encouraged the most legitimate companies.
This has become a very important measure recently taken by the FTC and numerous consumers are enjoying it. According to the new and stricter debt laws, no upfront fees can be charged from consumers until results are out. All payments should depend upon the success ratio that a relief service has gained on behalf of its consumer. Therefore, many fake entities have lost much ground.
But, the best performers in the game have survived as it has treated them very well. However, it is the consumers who face the results of all measures taken by authorities and this one certainly has served them lavishly. With stricter debt relief laws tightening their screws most of the legitimate settlement companies have gained much ground in their businesses.
Unlike the past, with the present situation consumers are starting to feel relieved. They need not fear the threat posed by bankruptcy. If a person observes the situation closely it is very much clear that many consumers in the present have kept their trust on the best and most legitimate companies that are far apart from false values. These are the main results that consumers gain through the introduction of new laws in the process of eliminating their worries along with massive debts.
Getting out of debt is not impossible but it will not happen over night. Consumers who are serious about debt relief need to be determined. If you have over $10 k in unsecured debt you should really consider debt settlement. Consumers can expect to realistically eliminate 60% of their unsecured debt with a settlement. To find the best performing debt settlement companies in your state use the following link:
