New Regulations by the Federal Trade Commission in the Debt Relief Sector

Creditor's Relief is all set to adhere to the new guidelines issued by the Federal Trade Commission for Telemarketing Sales Rules (TSR) with respect to the debt relief industry.

Englewood Cliffs, NJ (prHWY.com) December 21, 2010 - The debt relief industry is to undergo a change owing to the fact that America's federal consumer protection agency- The Federal Trade Commission has recently released a new set of amendments to its Telemarketing Sales Rule and the Creditor's Relief is all set to comply with the amendments.

The amendments made bring along several changes in the debt relief industry as for one it would now be illegal for the debt relief agencies to charge upfront fees for their services over the phone. Also it is now obligatory for the companies to disclose the cost of services, the expected time required for the company to show effective results, the negative consequences if any and also the detailed information about the dedicated accounts.

The rules if flouted can cause considerable harm to the consumer so it is imperative that the debt settlement agencies take the new regulations seriously. Creditor's Relief is one of the few firms who have already been actively making changes in order to accommodate the new rules. Creditor's Relief discourages its clients from unhealthy practices and believes that the best way is the way of the law.

Where several agencies are exploiting the few loopholes in the new set of amendments, Creditor's Relief follow the best possible way to help their clients with their debt. Creditor's Relief is highly in favor of stashing the upfront fees as this leaves some amount of money with the client which he can offer to pay to his creditors. Creditor's Relief staunchly disapproves of misleading and deceptive marketing techniques. Another amendment issued in the TSR is that both the inbound and the outbound calls are too subjected to the telemarketing regulations.

Through effective debt settlement, debt consolidation and debt repair, www.creditorsrelief.com helps its clients to settle their debt in the most effective and ethical way possible. Being of the most renowned debt settlement firms in the USA, Creditor's Relief has helped thousands of individuals and businesses to overcome their debt.

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Tag Words: debt settlement programs, debt settlement firms, debt settlement, debt relief services, debt relief

Categories: Finance

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