Top 5 Reasons You Should Never Pay a Debt Settlement Company Upfront Fees
These days there is more confusion in the Debt Relief market than ever with the passage of new consumer protection laws in 2010 banning debt settlement companies from charging their clients fees before they perform settlements. Sadly, this has not stopped numerous shady operators from looking for loop holes and continuing to gouge consumers with high, unnecessary and unethical upfront fees. Legality aside we put together a list of the Top 5 reasons that a consumer should never consider enrolling with a debt settlement company that charges...
read moreNew Era Debt Solutions Backs FTC Ban on Upfront Fees With Enthusiasm
Last week the Federal Trade Commission announced its breakthrough FTC regulation aimed at protecting unsuspecting consumers from unscrupulous practices by some debt relief and debt settlement companies. Although surprising to some, New Era Debt Solutions had a one-word response: “Finally!” Among other things, beginning October 27, it will be illegal for companies to charge any fees before a debt is settled, and New Era Debt Solutions feels this is the way business should be done. The FTC regulation became necessary due to...
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