Better Credit Blog

APRIL 4, 2022

Therefore, you’re in a good position when you tell the debt collector you are aware of The FDCPA and that any violation will be documented and forwarded to the Federal Trade Commission (FTC) as well as the Consumer Financial Protection Bureau (CFPB) and your State Attorney General’s office. Try To Negotiate On Older Debts.

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Troutman Sanders

APRIL 19, 2021

On April 15, the Federal Trade Commission (FTC) announced the first enforcement action taken under the new COVID-19 Consumer Protection Act (COVID-19 CPA), which imposes monetary penalties on violators. The company was operating without registering as a debt settlement service provider as required by Minnesota law.

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Credit Corp

JUNE 1, 2021

If you’ve found yourself in a situation where you’ve suffered real financial hardship and can not make even minimum payments, debt settlement may be an option. Debt settlement companies regulated by the Federal Trade Commission can help lower principal balances due through professional negotiation with creditors.

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Better Credit Blog

APRIL 6, 2022

You could also complain to the Federal Trade Commission on the FTC’s site. Eventually, consolidating your debt should lead to a better credit score, but the main goal is to better manage your debt. Debt Settlements. Alternatives to Credit Repair. Summary of The Top 5 Best Credit Repair Companies.

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Better Credit Blog

APRIL 11, 2022

Debt Settlement. The debt settlement method is closely related to DMPs, but there are differences. When you work with a debt settlement company, they create a savings account in which you contribute monthly payments. A debt settlement company is for-profit. Bankruptcy. bankruptcy.

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Better Credit Blog

JANUARY 20, 2022

Negotiate with your creditors to reach settlements and reduce your total debt. Help you come up with a 24- to 48-month debt repayment plan tailored to your budget. In keeping with Federal Trade Commission rules , Freedom Debt Relief doesn’t charge upfront fees. Ads by Money.

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Sawin & Shea

FEBRUARY 2, 2022

Also know that there is no legal protection from creditors in a debt management plan. Debt Settlement. Debt settlement is an option, but it should be the thing you consider last because it generally requires you to default with your creditors first. Further, you can’t borrow your way out of debt.

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Troutman Sanders

NOVEMBER 15, 2022

On November 10, the Federal Trade Commission (FTC) issued a policy statement, asserting its intention to renew and broadly apply its Section 5 authority under the FTC Act to challenge the “full array of anticompetitive behavior in the market.” For more information, click here.

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Troutman Sanders

JULY 26, 2021

On July 20, the House of Representatives passed the Consumer Protection and Recovery Act, which aims to revive the Federal Trade Commission’s (FTC) authority to return money to consumers harmed by companies found to engage in deceptive practices. For more information, click here. For more information, click here.

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