Before a consumer signs up for debt settlement services, the debt settlement company is required to disclose the fees, conditions, and terms of service; the estimated time to reach a settlement offer for each creditor; the potential negative consequences of stopping payments to creditors; and the amount of money the consumer must save in a dedicated account before an offer is made.

Authors

• Person: Not available Organization: Federal Trade Commission
  How To Get Out of Debt | Consumer Advice

Sources

• How To Get Out of Debt | Consumer Advice consumer.ftc.gov Federal Trade Commission via serper
• How To Get Out of Debt | Consumer Advice consumer.ftc.gov Federal Trade Commission via serper

Referenced by nodes (1)

• debt settlement company concept