World Law Debt Settlement focuses specifically on the process of helping our clients to become debt free. Our service provides you with a straightforward assessment of your legal rights and all your options allowed by law. When you use World Law Debt Settlement, you don’t have to make a trip into a law office; rather, you receive information according to your schedule, saving you precious time. In 1998, partners from five of the world’s leading international law firms met to discuss the impact of the Internet on the availability of legal services. From that meeting grew several software prototypes for streamlining the most common legal issues, and compiling them into complex database and delivery system. Thus the first automated system to address over 4000 common legal issues was created at worldlawdirect.com Today we’re helping to fill the need for efficient legal solutions. In addition to an expanding searchable knowledge database, our systems automatically re-route designated issues to our global law team when the need arises. We provide thorough up-to-date advice on commonly-faced legal issues in over 26 international jurisdictions including the United States. We put the expertise and resources of a global law firm to work for you. Our founding shareholder board included leading international lawyers from the US and abroad. The board worked closely with our premiere global team of Czech and Finnish computer programmers, British software analysts, and Internet systems …
15-Jul-2011
FTC- Debt Collection Rules
Category : Debt Settlement
27-Feb-2011
Have you heard that debt settlement companies should not be trusted? Have you heard that they can do nothing good for you? Do you have real concerns? Consumers are helped with the new rules that went into effect recently on debt settlement regulations. A great program became an outstanding program. Most consumers will no longer need to file bankruptcy. In 2009 there was $1 billion in unsecured debt settled via the debt settlement negotiation process. This resulted in over $600 million of debt being written off by the credit card companies. $400 million dollars was paid to creditors. This $400 million was money that they would have never seen had the consumer declared bankruptcy. The FTC had ruled against 279 companies of the thousands that exist. Under the New FTC law consumers no longer have to worry about this. Starting on October 27, 2010, the credit counselor or debt negotiator is the last one to get paid. They can no longer collect large funds upfront. If they can not get the consumer relief so that they are able to pay off their bills they do not get paid. This simple change in the law has made the companies that are left be legitimate companies. In the past debt settlement companies could promise to eliminate the debt and do nothing. Meanwhile consumers would pay them a large amount of money. There were some other changes to the law which are very important. They are: Require debt relief companies to make specific disclosures to consumers Prohibit telemarketing …
01-Nov-2010
www.cambridge-credit.org — Starting October 27th, the Federal Trade Commission’s Telemarketing Sales Rule will prohibit for-profit debt settlement companies from charging fees to consumers until the company has performed an actual service. The Telemarketing Sales Rule applies to debt settlement companies that solicit consumers by phone, and to settlement agencies that receive calls in response to ads. Consumers should be aware that many debt settlement companies are already trying to find ways to evade these new rules and so you’ll need to be on the alert. Watch this week’s webisode from Cambridge Credit Counseling Corp. to learn more. Host President and CEO, Christopher Viale.
31-Oct-2010
ftc rules for debt settlement companies
04-Oct-2010
New rules imposed on debt relief companies
01-Oct-2010
DEBT RELIEF RULES
Category : Credit Card Debt
THERE ARE NEW FTC RULES IN PLACE THAT CONTROL HOW SO-CALLED DEBT RELIEF COMPANIES ARE ALLOWED TO OPERATE. THEY’RE GOOD CONSUMER PROTECTIONS – BUT YOU NEED TO KNOW YOUR RIGHTS.
17-Aug-2010
www.cambridge-credit.org — Since the start of the recession in 2007, the Better Business Bureau reports that it has received more than 3500 complaints regarding the debt-settlement industry, reinforcing the unfortunate fact that many people who seek assistance from debt-settlement companies never receive the services they so desperately require. Common among those complaints were stories of individuals who wound up deeper in debt, or who faced lawsuits for failure to make their scheduled payments. In an effort to protect consumers from unscrupulous debt settlement firms, the FTC recently introduced groundbreaking new rules to govern the industry’s practices. In announcing the regulations, FTC Chairman Jon Leibowitz and Vice President Joe Biden noted that many debt-settlement companies use “a business model based on deceit,” and pledged to enforce the new rules aggressively.
10-Feb-2010
A discussion of the disturbing trend in increasingly unethical debt settlement companies and how to avoid them.
08-Feb-2010
Recent NY Attorney General Probe into Debt Settlement Companies.
13-Jan-2010
If the Great Recession has taught people one thing, it’s this: They need to take charge of their finances. AP Personal Finance Editor Trevor Delaney explains. (Sept. 22)