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 Settlement – All That You Need To Know

Debt settlement essentially is an act of negotiation between the creditor and the debtor. This is generally agreed upon when a debtor, by virtue of his or her financial situation, is unable to dish out regular payments to his or her creditors.

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