Debt ReductionSuggestions For Controlling Debt |
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Is it time for you to start debt reduction? The Federal Trade Commission (FTC), the nationŐs consumer protection agency, and some state Attorneys General recently took action against several companies that called themselves credit counseling organizations. The FTC and the states said these companies deceived consumers about the cost, nature, and benefits of the services they offered; some companies even lied about their nonprofit status. Several of these companies are now going out of business. Similar companies also may be shutting their doors, even though they havenŐt been sued by the FTC or the states. That could be of special concern if you have a debt management plan with one of these companies.
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