The Debt Pro has worked with a number of bankruptcy attorneys for years. There are times when bankruptcy is not the answer, and the bankruptcy attorneys refer their clients to us for debt settlement services. By negotiating a settlement of the client’s debt, we can provide debt relief without them having to go through bankruptcy.
The debt settlement industry has changed dramatically in the last few years. In 2007 there were more than 2000 debt settlement companies; now there are fewer than 200. Before December of 2010, bad debt settlement companies took money up-front and then never settled their client’s debt. In December 2010, the FTC amended the Telemarketing Sales Rule to protect consumers from these debt-relief scams.
Should you believe a debt settlement’s claim that they are BBB accredited? Make sure you ask the right questions before you choose a debt settlement company!
- Did you receive your accreditation for debt settlement, or another service your company offers? Some companies have received accreditation with the Better Business Bureau for their credit counseling services, but they claim to have the accreditation