The FTC has prosecuted more than a dozen companies that claimed to offer debt relief but lied about the cost or nature of their services. One of its biggest cases involved AmeriDebt, Inc and DebtWorks, Inc., a company that claimed to be a non-profit credit counseling organization. On the eve of the trial, AmeriDebt’s founder [...]
Category: Debt Dumper Tips
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According to the Federal Trade Commision (FTC) debt collectors are prohibited from saying the following:
You will be arrested if you don’t pay your debt.
They will seize, garnish, attach or sell your property or wages unless they are permitted by law to take the action and intend to do so.
That legal action will be taken against [...]
Category: Handling Credit Card Companies
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