23 June 2009 Pamela Yip Dallas Morning News reporter, as reported by the news account that the debt relief USA Collected, Addison, Texas, a nation of debt settlement companies, Inc. and may be active at the time the largest advertiser on the radio and the current debt solutions business Online, a Chapter 11 bankruptcy protection for the operations are closed, and con debt settlement company debt relief programs and increased protection issue.
Many debtors who were clients of the company, remaining with the company a certain amount of deposits, and the bankruptcy process, it is submitted to all, some, lose some extra time to speak of loss is not likely that it will take them from repaying their creditors in debt.
The bankruptcy court filing with the court, the Dallas company, the assets and liabilities of $ 5 million to $ 4.65 in the list, said federal authorities by state attorneys generals and a target of the investigation.
This latest saga underscores, once again, a sustainable and American customers who fail to make the place very quickly, correctly and appropriate education and debt settlement company, the quality, reliability and serious danger to be aware they are dealing with the risk of increasing their debt resolution programs, which should never have to deal with, in the first place – how the current American Economic Times that a recent investigation conducted by the broad subject of a scam to avoid becoming victims of a serious financial issue to York – based on new online review organization.
These unscrupulous’ companies SCAMS The Nature
Basic problem is that there are more recent times, especially during these very trying economic times have become the most corrupt, the debt settlement industry scam debt relief companies that have customers who are increasingly finding themselves unable to continue with their credit card payments on the hunt the false and unrealistic expectations are often offered to them, the gigantic, free of charge, and that they were shoddier financial condition than it was in prior to leaving the company. So consumers need protection against unscrupulous companies.
Indeed, as reported by the media in the previous article, the author of this emerging nation in response to the credit of plague, we are in some jurisdictions in recent months, regulators and legal authorities in one country, signaling a spate of official concern and alarm companies, which today is the date that the treatment of business work required in a growing number of scam debt relief of an overburdened population that is out of the bad debt of the American economy – Sucker an illness.
Recently, for example, in early May 2009, New York State Attorney General Andrew M. Cuomo, to investigate a kick in a national debt settlement industry, the country of some 14 debt settlement companies and one law firm subpoenaed, he announced that the “Today, millions of hardworking Americans are finding themselves imprisoned by debt in response to a rogue industry, customers and offer false hope, charging tremendous fees, as stepped down in it,” often creating worse financial condition of customers, he said, even before are in for. Mother Cuomo subpoenas, which is a comprehensive investigation of the nature of the industry by the public are requested to specify which companies, if any ways that customers can benefit from their services and what types of fee structures designed to uncover, including debt relief of companies actually provide their customers.
Proliferation scandal in recent times debt treatment companies
Certainly, not all relief or debt settlement companies are bad or misleading. Deed, there are many companies in the industry, which is very good, and to maintain the highest ethical standards and professionalism of their services to customers for a high degree of reliability. However, the point is that abounds in the industry today, many unscrupulous companies and individuals, the number of the following – a recent major study, by far, especially for the debtor who are experiencing personal financial difficulties trying to take unfair advantage of the economic time trying.
Thus, once again, is whether the current time, the American consumer has become so critical of the original call heeds underscoring, and quickly, but correctly and the appropriate education and debt settlement company, the quality, reliability, information about the handle their debt resolution program before (she) will never be involved in employment
Article Source :- http://dianmark98.edublogs.org/2012/04/19/debtors-can-protect-themselves-with-debt-settlement-companies/
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