When a consumer uses a debt settlement company, they may be required to deposit money into a special bank account managed by an independent third party, where the funds and any interest earned remain the property of the consumer.

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