New York, NY (Vocus) 27 September 2010

MONDAY, 27 SEPTEMBER, the first phase of the Ministry of Trade Commissioner? s (FTC) revised telemarketing sales rule goes into effect requires hundreds of company debt to new information for consumers, and prohibits them to distort their services.

â? The debt industry is concerned that consumers in financial difficulties for years. Although the new FTC rules is an important first step, it remains to see if theyâ? Ll protect consumers, â? Says Chris Viale, CEO of the non-profit Cambridge Credit Counseling. â? The conduct of the business debt should be monitored and the rules must be applied. Consumers in financial distress still need guidance in order to appreciate and understand the various options for debt relief may be on their circumstances.â?


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For the vast majority of consumers in financial difficulties, services and debt management plans of nonprofit organizations, credit counseling, the more advantageous than debt. Credit counseling agencies usually earn their non-profit organization that offers free education and support to help consumers regain control of their financial well-being, whether they can be to customers. Credit reputable agency board is a comprehensive analysis – usually at no cost – to help the cause of financial difficulties. Then, a certified consultant working with consumers to create realistic and effective solutions, such as a plan for debt service, that the specific situation to create address.

FTCA? s actions are the latest attempt to abusive practices in the industry of debt settlement over. In 2009, the Better Business Bureau over complaints about false or misleading advertising, debt settlement companies received than any other, it is easy to see why debt settlement is already illegal in twelve states, among them is making Arizona, Georgia, Hawaii, Louisiana, Maine, Mississippi , West Virginia, New Jersey, New Mexico, New York, North Dakota and Wyoming. New York State? Attorney General Andrew Cuomo has already filed lawsuits against two companies debt settlement and other state attorneys general have done the same.

The second and final phase of the FTCA? s new rules into force on 27th October and include a prohibition of the fee in advance the settlement companies charge a fee before they can be installed or prohibit reduce customerâ? Debt?. â? Business debt settlement is scrambling to get committed the largest number of consumers to the payment of fees in advance as possible before 27 October, a? Viale warns. â? Until then, consumption beware.â ????

About Cambridge Credit Counseling

Cambridge Credit Counseling Corp. is a professional housing and credit counseling agency for improving the financial literacy of young adults, and providing financially distressed Americans with education and services Debt management for their needs. Visit Cambridge Credit Counseling Corp. online at www.cambridgecredit.org. For more information about Cambridge Credit Counseling? S Community Initiatives, please visit www.youtube.com / cambridge credit.

Media Contact:

Emily Mayrath
Montieth />

212.284.7626
emayrath
(at) montiethco com (dot)

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