Debt Settlement Programs are Misleading

By Charlene Crowell NNPA Columnist You’ve probably heard the advertisements on urban radio urging consumers with at least $10,000 in debt to call a number right away for a financial rescue. Promising to end debt troubles by getting creditors to somehow accept less money than Read More


U.S. Consumer Bureau Bars Payment Firm Over Debt-Settlement Fees

(Reuters) – The U.S. consumer watchdog said on Thursday it fined payment processor Meracord for helping to collect illegal debt-settlement fees, part of a broader crackdown on companies that offer to help borrowers get rid of debt. The Consumer Financial Protection Bureau said debt-settlement companies, Read More