Here is our continuation of our interview with Michael Bovee – CEO of Consumer Recovery Network, on the subject of the changes in the debt settlement industry. You can read Part 1 of the Interview with Michael Bovee here. LDB: What can a consumer do if they’ve been hung out to dry by a DS [...]
If you’ve been paying attention to the news lately, you know that the debt settlement industry is going through a lot of changes. The new FTC regulations on debt settlement companies took effect on September 27th 2010 and it has wide ranging implications for the industry. One debt settlement company in my opinion, that stands [...]
When consumers began to feel the first effects of the recession, hundreds of companies sprang up to provide debt relief services to cash strapped families. While some of these companies offered legitimate services, many others only managed to worsen a financial situation that was already dire. In response to thousands of consumer complaints, the Federal [...]
You are late with your bills, trying desperately to devise a plan to pay off the debts that you owe and then the phone calls start. It might be one or two a day at first but eventually you find that the debt collection calls are becoming more insistent and when you answer, you find [...]
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