TASC Fights the BBB

And here is the results of the investigation into debt collectors and debt settlement companies: companies fined 5,000 and a website has been put up by Cuomo and the Consumer Frauds Bureau warning people about debt settlement companies.

And, New York Attorney General sues 2 more Debt Settlement companies, CSA (Credit Solutions America) - one of the largest DS firms in the country, and Nationwide Asset Services.
Texas Attorney General Charges Four Debt Settlement Companies With Unlawful Conduct.
Attorney General Madigan (Illinois) Sues Two Debt Settlement Firms.
West Virginia Attorney General Forbids Texas Debt Settlement firm to offer its services in WV.

It can't be a coincidence that EVERYONE is against DS companies. I think I'm changing my position on them. Just stay away from them. They are more hassle than they are worth.

Good post Chrys. And Congats on the Hall of Fame.

Next time you are looking at the bbb.org website fell free to type in the bbb and see what kind of rating they have maintained for themselves. Last I checked the had a C rating for themselves. I thought this was most amusing. They are about one thing......yearly dues. Gotta admit whoever though of the BBB is a genius. The organization itself is a scam though.

Yeah, the only reason why the BBB has any credibility at all these days is because they have been around so long that most people know about them, and those that would file a complaint rather than get ripped off, will likely do so with the BBB first. Plus, the FTC and - as far as I know - the state Attorney Generals keep such complaints private and only announce when their attempts to censure the offending organizations are met with deaf ears and the AG or the FTC is forced to sue them.