Debt settlement companies must inform consumers that funds in the dedicated account belong to the consumer, that the consumer is entitled to interest earned, that the account manager is not affiliated with the debt settlement provider and receives no referral fees, and that the consumer may withdraw their money at any time without penalty.

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