Would it benefit consumers if the regulators eliminate credit card debt negotiation?
The End of the Credit Card Debt Settlement Trade: FTC to vote on restructured restrictions. An whole sector shouldn’t be penalized for the scumbag tactics used by merely a hand full of firms. The regulators have recently proposed new limitations regarding the credit card debt relief branch that will be shown to be crucial in the downfall of the sector if put into legal action. A vote will take place in November 2009 with the hope of enacting provisions that will advantage American debtors trying to get debt relief. But will it really help consumers to virtually kill the system of signing up with an agency to settle bills for you? The principal trade associations helping debt negotiation/settlement services have endorsed research documents to establish the value and overall promise of the debt relief industry. Both TASC (The Association of settlement companies) and USOBA (United States Organization for Bankruptcy Alternatives) hope to provide the serious benefits of debt settlement to t
