The new Telemarketing Sales Rule of the Federal Trade Commission is all set to give a tough fight to the menace of debt relief scams from September, 2010.

A sudden increase in FDCPA lawsuit filing against unfair practices of debt collection has been noted in recent times. Over 850 different debt collection agencies and creditors were named in about 950 distinct consumer statute lawsuits in May 2010. And the figures are estimated to shoot up even higher by the end of 2010. Most [...]

The debt free making system has helped hundreds people stuck in never ending and ever deepening debts. The debt settlement companies are trying to help the customers but are facing immense problem. The Federal Trade Commission (FTC) is trying to fight against abusive telemarketing by the settlement companies, who negotiate with the creditors to settle [...]