ABC News Features a Fair Look at Debt Settlement

ABC News recently reported a fair and balanced look at debt settlement – one that warns of the “bad actors” without painting the entire industry with a broad brush of negativity. Clarky Davis, a.k.a. the “Debt Diva,” warns of unscrupulous practices and red flags to avoid when choosing a debt settlement company, such as claims to be a part of a federal program or that debt can be settled for “pennies on the dollar.” Check out the video, called “Debunking Debt Settlement,” and follow the Debt Diva on Twitter at @DebtDiva (in addition to us at @USOBA!)

As part of an industry self-policing act, the USOBA Zero Tolerance Policy – which outlaws deceptive or manipulative language in advertising, marketing and other communications channels – goes into effect on July 15, 2010. According to the policy, phrases linking any debt settlement company to a federal or Obama-backed debt settlement program are strictly prohibited, as no such policy or program exists today.

The key to consumer protection is doing your research. Make sure that whatever debt relief solution you choose is credible, ethical and trustworthy. Most importantly, don’t give up – debt is everywhere, and you can get help.

Advertisement

26 Responses to ABC News Features a Fair Look at Debt Settlement

  1. Great to see you back. And again through an interesting posting.

  2. Wonderful webpage, keep me through looking it, I am actually interested to find out much more about it.

  3. Excelent de cont,inut. Multumesc pentru postarea.

  4. I observe that your published content is rather insightful as it comes with lots of interesting data. Anyhow, was wondering whether you would love to interchange links with my web portal, as I am looking to build web links to further enlarge and get better web exposure for my web space. I don’t really mind you pointing my links at the front page, just having this web links on this page is good and adequate. Anyway, would you be kind enough reach me at my web portal if you are interested in swapping links, I would really value that. I would like to thank you and hopefully to hear from you as soon as possible!

  5. hey there I just wanted to comment your blog and say that I really enjoyed reading your blog post here. It was very informative and I also digg the way you write! Keep it up and I’ll be back to read more soon mate

  6. Hi there, just wanted to leave a quick comment about the interface of your blog. It is really easy on the eye while also being catchy. I think I will do something similar for my blog as well. Thanks for the nice blog share.

  7. Fawn Vorhies says:

    I was just looking at pertinent blog articles intended for the project research and My partner and i happened to stumble on yours. Many thanks for the helpful information!

  8. Nice information, many thanks to the author. It is incomprehensible to me now, but in general, the usefulness and significance is overwhelming. Thanks again and good luck!

  9. I recently stumbled on your website from one of mine and read an article and was wondering if you write your own articles or hire someone to. I would like to use your articles or a few of them on my site and I would place a link on my site that has a page rank 3

  10. Hi, You have a Great Blog, I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep it up.

  11. Nice article. I just stumbled upon your blog and wanted to say that I have really enjoyed reading your blog posts. Anyway I’ll be subscribing to your feed and I hope you post again soon.

  12. Thanks a lot for the information. I have been searching for this for awhile with Google and it has been a real chore.

  13. Ara Allemond says:

    I really like and appreciate your post.Really looking forward to read more. Want more.

  14. Article says:

    gives utilize a fantastic webpage decent Gives bless you for the efforts to guide me

  15. YES! Great piece, keep up the terrific work. This is the type of information that should gain recognition for it’s craft.

  16. theblogking says:

    Amazing efforts, and really comprehensive. Creates you appear honest, which can be hard to occur by currently.

  17. Andy Faria says:

    What does USOBA plan to do in preparation for the ban on upfront fees for the debt settlement industry?

    The ban takes place on October 27, 2010, which means that after that date, debt settlement companies will no longer be allowed to charge clients upfront fees.

    It’s obviously not fair to consumers who sign up for a debt settlement program between now and 10/27 to be enrolled in an upfront fee program as the “last one in the door” Will USOBA begin right away to help it’s members impliment a compliant performance based fee model?

  18. Nice to find out you back. And again through an interesting posting.

  19. What happens to a second mortgage when a home is purchased at a foreclosure auction?

  20. Thanks for the interesting content!!!

  21. Excellent read, I must say. You’ve researched the topic very well :)

  22. mortgage says:

    What happens to a second mortgage when a home is purchased at a foreclosure auction?

  23. I found your article very interest, and I am interested to put that article on my blog. if you also have others post about it? maybe we could exchange articles

  24. sukienki says:

    Thanks for this great post – I will be sure to check out your blog more often

  25. PoolePat23 says:

    When you are in a not good position and have got no cash to move out from that, you would need to take the mortgage loans. Just because that should aid you emphatically. I get auto loan every time I need and feel great just because of it.

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.