www.cambridge-credit.org — Since the start of the recession in 2007, the Better Business Bureau reports that it has received more than 3500 complaints regarding the debt-settlement industry, reinforcing the unfortunate fact that many people who seek assistance from debt-settlement companies never receive the services they so desperately require. Common among those complaints were stories of individuals who wound up deeper in debt, or who faced lawsuits for failure to make their scheduled payments. In an effort to protect consumers from unscrupulous debt settlement firms, the FTC recently introduced groundbreaking new rules to govern the industry’s practices. In announcing the regulations, FTC Chairman Jon Leibowitz and Vice President Joe Biden noted that many debt-settlement companies use “a business model based on deceit,” and pledged to enforce the new rules aggressively. Video Rating: 0 / 5
www.CreditBootCamp.com if you are in the credit repair business, or thinking of how to start a credit repair company – the answer is simple… START with going to The Credit BootCamp… The Credit Bootcamp was founded by recognized Credit Repair Industry Leader Mike Citron in an effort to bring members of the industry together to collaborate to find the best ways to help consumers more. The Credit Bootcamp was the first successful gathering of credit industry professionals in the history of the credit repair industry. Attendees at the event unilaterally agree that this is the best thing to ever happen to the credit repair biz… Whether you are a newbie to the industry or a veteran, the credit bootcamp will provide you with a plethora of opportunities to make your business more successful- from advanced marketing strategies to the latest and greatest dispute techniques- the credit bootcamp truly pulls back the curtain and shows all… Nothing is held back at the bootcamp – everything you need to operate a credit repair business is taught step by step.
Attorneys general from Illinois to West Virginia have become serious about combating abusive practices within the debt settlement industry. In New York state, Attorney General Cuomo recently announced that the state has secured subpoenas against 14 national debt settlement companies. At the same time, the Consumer Credit and Debt Protection Act was introduced in the US House of Representatives in an effort to reign in the industry. Join Thomas Fox, Cambridge Credit Counselings Community Outreach Director, as he discusses why so much scrutiny is being placed on debt settlement agencies and the practices that have brought them under fire.
