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How to get out of debt I New FTC Laws I Does debt settlement work I Choosing a debt relief program I Debt Settlement or Debt Consolidation I Debt settlement and your credit I Can you settle your own debt I Understanding debt settlement fees I Debt settlement and your taxes I Can I be sued I Debt Help - Get Started today!

New Federal Trade Commission Laws

A 10 part debt relief guide

Part 1 - Go to Part 2
Debt solutions DebtConsolidationCareNew FTC Laws and how they affect you
As a consumer, you need to know the new FTC laws as they were made to protect you!

In October of 2010 the Federal trade commission stepped in and made the most powerful change in the laws for the overall consumers protection. The law forced Debt settlement and debt relief companies to NOT be able to charge any up-front fees for debt settlement services.

The law which went into effect on October 27th, 2010, prohibited debt settlement companies (for-profit companies) that offer debt settlement/relief services over the telephone from charging up-front fees before they actually settle credit card or other unsecured debts for households and consumers.

This rule by the FTC aids tremendously in stopping debt settlement companies in their tracks from charging enormous up-front fees in exchange for settling debts.

So the very first step in your education is that, by law, any debt settlement company that you consider using, should not and CAN NOT charge you a dime for their services until they have actually settled a debt for you. Think about how powerful that is as leverage for a consumer. Just by passing this law, many of the imposters in the fast-growing debt relief industry were eliminated from the mix.

Debt Consolidation Care will give you a free, no obligation debt settlement consultation! Get started today.


Make sure that your debt negotiation company is not charging you any upfront fees. You know the law now. Don't be misled by debt settlement companies that do not follow the law. This is your first part in using due diligence to helping you get out of debt for good! 

OK, so now that you have a better understanding of the New FTC debt settlement laws and how they affect you. Lets move on to part 2 of our 10 part debt settlement guide.
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Part 2 - Does debt settlement really work? See the truth about whether a debt settlement program can really get you out of debt. 
10 part debt guide

Part 1 - New FTC Laws
Part 2 -
Does debt settlement work
Part 3 -
Choosing a debt relief program
Part 4 - Debt Settlement or Debt Consolidation
Part 7Understanding debt settlement fees
Part 8 -
Debt settlement and your taxes
Part 9 - Can I be sued
Part 10
Debt Help - Get Started today!
Need more help? 
It's never too late to get help. Check out our list of debt settlement companies and pick the debt consolidation company that's right for you. If you need help with your credit as well, we also have a list of the best credit repair options.

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