Before a consumer signs up for debt settlement services, the debt settlement company is legally required to disclose fees, conditions, terms of service, the timeline for settlement offers, potential negative consequences of stopping payments to creditors, and the amount of savings required in a dedicated account.

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

Referenced by nodes (1)

• debt settlement company concept