Tag Archives: debt settlement


Posted 10 months ago in Bankruptcy Creditor/Debtor by Aaron Kase  
Don’t Be Fooled by Abusive Debt Relief Companies

Drowning in debt? There are plenty of businesses out there that say they want to help, but consumer beware: Many debt relief companies would just as soon pocket whatever little cash a debtor has left and run, in lieu of actually resolving the problem with the creditors. The Consumer Financial Protection Bureau recently filed the first of what will probably be many actions against shady debt relief companies for misleading their customers and engaging in abusive practices. The complaint alleges …

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Read the Latest Issue of ‘Your Money & The Law’ Newsletter

Debt Settlement Companies Rip Off Consumers It’s a debtor’s nightmare: You pay a company to help you pay off what you owe, but the company rips you off for thousands of dollars, then makes empty promises to give you a refund. The victims file a class-action lawsuit and fight for four years to recoup what you’re owed, all you ultimately get is $185. That’s what happened to California consumers who hired debt-settlement companies to help them consolidate and pay off …

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Posted 2 years ago in Consumer Law by Michele Bowman  
Debt Settlement Companies Rip Off Consumers

It’s a debtor’s nightmare: you pay a company to help you pay off what you owe, but the company rips you – and 78,000 other people – off for thousands of dollars each, then makes empty promises to give all of you a refund. You and the other victims file a class action lawsuit and fight for four years to recoup what you’re owed, and in the end all you get is $185. But that’s exactly what happened to consumers in …

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