Consolidating debt reviews adultdatingsingle com


09-Dec-2017 08:43

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The FTC regulates debt settlement companies and restricts certain actions.Debt settlement companies cannot charge fees in advance.All fees must be taken as a percentage of the settled debt.Additional rules stipulate that any dedicated accounts created as part of a settlement plan must be owned by you, and you can withdraw funds from that account anytime.

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After a certain amount of time has passed – usually six months, but it depends on how much you owe and who you owe it to – the settlement company will begin negotiating with your creditors on your behalf.

So instead of saving 60 percent of your total debt, you’ll save 40 percent.



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