Will the New FTC Rules Keep the Debt Settlement Companies Honest?

To bring a control over unscrupulous practices, the Federal Trade Commission (FTC) has passed a new set of rules that will safeguard the consumers from being a victim of the scam debt settlement companies and help them differentiate between the good ones and the bad ones.

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Debt Negotiation – Honorably Pay Back Loans

Debt negotiation is a process through which the debtor and the creditor come to an agreement to ward off a certain amount on the actual balance and settle on the smallest amount possible, that will be regarded as payment in full (or there might be some remainder amount to be paid in easy monthly installments).

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