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Is Debt Settlement Legit?

Titan Consulting

Multiple state and federal agencies strictly regulate the debt settlement industry. All types of debt relief programs come with negative consequences, including non-profit credit counseling and bankruptcy, and will directly or indirectly negatively impact your credit score. State and Federal Regulations for Debt Settlement.

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Seven Ways to Get Out of Debt in 2022

Better Credit Blog

You may be sent to collections. If you’re past due on your card and loan payments and your grace period has ended, it may go to collections. They will likely review your financial obligations and the debt you’ve accrued before presenting you with a range of options according to your financial status. Debt Settlement.

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CFPB Obtains Ban Against Debt Relief CEO Daniel Crenshaw

Collection Industry News

– Today, the Consumer Financial Protection Bureau (CFPB) filed a proposed order to resolve its allegations that Performance SLC, a student loan debt relief business, and Performance Settlement, a general debt-settlement company, along with their owner and CEO, Daniel Crenshaw, engaged in wrongful fee-charging practices and deceptive telemarketing.

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How to Ensure Financial Security in the Future–in 12 Steps

Credit Corp

Pay down debt. For most people, the way to do this is to get rid of unsecured debt that they carry month to month. Collect Rent. Some parents choose to put collected rent payments into a savings account for a young Millennial child to use to furnish their eventual new home or use it as a down payment on a home.