Fed Investigation of Debt Settlement Finds 'Fraudulent, Abusive and Deceptive' Practices

You've seen the ads claiming you can settle your debts for just pennies on the dollar, but Congress wanted to know what is really behind those commercials and ordered an undercover investigation of the industry to find out. Government accountability office investigators posed as consumers and called 20 companies to ask for help with their debts, and say they ran into abusive, deceptive and even fraudulent activities, which were recorded on tape. Some companies claimed they could settle your...Full Story
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