Thursday, March 31, 2005

Debt-Relief Firms To Pay $6 Million In FTC Settlement (washingtonpost.com)

Debt-Relief Firms To Pay $6 Million In FTC Settlement (washingtonpost.com): "Debt-Relief Firms To Pay $6 Million In FTC Settlement
Agency Cites Lies About Fees, Services
By Caroline E. Mayer
Washington Post Staff Writer
Thursday, March 31, 2005; Page E06
The Federal Trade Commission announced yesterday that three consumer debt-service companies have settled charges that they cheated financially strapped customers out of more than $100 million.
The agency said National Consumer Council Inc., of California, Debt Management Foundation Services, of Florida, and Better Budget Financial Services, of Massachusetts, agreed to pay more than $6 million in consumer refunds for falsely promising easy debt relief that left many consumers deeper in debt and sometimes forced them to file for bankruptcy protection. "

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