subject: Consumer Debt Relief - How New Debt Settlement Laws Make It More Legitimate [print this page] Consumers are in a constant search for the best debt relief services that exist in the present. As the world is facing a massive challenge in terms of its economy and financial stability, legitimate debt relief options have become a real need today. But, unfortunately some fall into trouble by picking fraudulent relief services that can grab their last dollar and go out of sight.
During the past few months there have been lots of discussions regarding this and the Federal Trade Commission of the United States has provided consumers with the start they have been waiting for. It has regulated debt settlement by a series of new laws that provide backup for consumers in the present. Under the new laws a debt settlement company cannot request a consumer for an upfront fee. All of its fees should depend on how much it has gained for consumers.
This is certainly a great option taken by the authorities. It has relieved much consumer pressure and has provided them with a fine opportunity. Most importantly, it has thrown fraudulent relief services out of the window and has encouraged the best performing service providers into the field.
Therefore, consumers can easily find the best relief services that exist in the world as a result of this great effort by the FTC. So, many consider that these new laws on debt settlement make it more legitimate as the majority of debt ridden consumers can be benefited in a significant manner preserving their present financial background.
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.
Consumer Debt Relief - How New Debt Settlement Laws Make It More Legitimate
