Rush of New Debt Settlement Companies is a Threat to Consumers, New Era Calls For Needed Regulation

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Here is an excerpt from a recent Press Release Article… “I am extremely concerned for consumers,” said Alex Viecco, VP and co-founder of New Era Debt Solutions. “There’s been an influx of sub-prime mortgage lenders rushing on to the settlement bandwagon trying to make a quick buck.” Today, many new debt settlement companies are appearing. These companies, many of dubious character and expertise, are creating problems that are leading to a patchwork of state legislation that will close or highly regulate...