subject: New Debt Settlement Laws - How New Restrictions On Debt Settlement Help You [print this page] New debt settlement laws, is a constantly spoken subject in the present world. It is mainly because many consumers do find great difficulties in getting rid of huge debts as a result of fraudulent relief services. They will not only have their unsettled debts remained but also will face disadvantages such as bankruptcy.
Therefore, the Federal Trade Commission of the United States has developed a strategy in order to get rid of fraudulent relief services. These regulated schemes assist consumers towards success and encourage the best performing settlement companies to play the game of relief.
These new debt settlement laws have provided debt relief with a new dimension. Here, charging upfront fees is an illegal activity. All payments of relief services depend upon the success level they have achieved for consumers. This is a very important measure taken by the Federal Trade Commission in the present and have thrown out fraudulent relief services.
This has helped the present day consumers in a great deal. It is important to state that these new restrictions on debt settlement have invited the most legitimate and proven relief services into the field of debt relief. It has decreased the competitiveness in the trade providing consumers with the best choices in the world.
Therefore, one may state that new debt relief laws have helped consumers in a great deal when it comes to the point of eliminating massive debts. It has provided support for everyone so that not only consumers but also legitimate relief services may earn their due respect in the field.
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.
New Debt Settlement Laws - How New Restrictions On Debt Settlement Help You
