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The Ruin of the Credit Card Debt Negotiation Industry: FTC to vote on revamped regulations.
The entire sector shouldn’t suffer for the scumbag tactics used by only a small amount of companies. The regulators have recently proposed new restrictions involving the debt settlement industry that’ll prove to be crucial in the ruin of the sector if put into legal action. A vote will take place in November 2009 with the hope of developing laws that will advantage American debtors seeking debt relief. But will it really assist people to virtually terminate the option of retaining a company to settle bills for you?

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Tags: credit, debt, debt relief, debt settlement, economy, finance