Debt Settlement Firm Fined Over Illegal Fees

Dec 10, 2014 by

Debt Settlement Firm Fined Over Illegal Fees

We are glad to see that CFPB is going after “Debt Settlement” companies that so often cheat honest hard-working Americans who are trying their best to pay their bills and avoid filing bankruptcy.  Unfortunately, we often see the damage done by companies like this one – high up-front fees charged that divert the monthly payments made in good faith by the consumers from paying the actual debts.  Then, from out of nowhere, a creditor sues the consumer and the person is finally faced with the inevitable – filing a bankruptcy case.  We like our job very much though, because after we have explained how
bankruptcy works – the person is usually surprised to find out how helpful bankruptcy really is.

 

Read more at www.consumerfinance.gov