Is it safe to disclose one's financial matters withi a settlement or consolidation company? Is there any assurance that they won't leak the information to the creditors?
The Federal Trade Commission
(FTC), has amended the Telemarketing Sales Rule (TSR) to add specific
terms and conditions to prevent abusive, illegal practices associated
with debt relief services. Debt relief companies who use telemarketing
to contact potential clients or appoint some person to call people on
their behalf have always been covered by the TSR. As per the rule, a
client can disclose his /her financial matters with a debt relief
company, but the company can't disclose this confidential information to
any third party, it'll be the breach of contract.
This is why you need to choose
an authentic debt relief company who provides settlement or
consolidation service. The company shouldn't declare the client's
confidential information to others.
Yes, I agree with
sanderspatricia. Opting help from an authentic debt relief organization
reduces the chance quite a bit.
So, look for a settlement or consolidation company that is into business
for quite a few years and has BBB accreditation. Also, check out
customer reviews to be sure that it has a satisfied clientele.
Also, another way to find a good company is to take references from your
family and friends who has already taken help and is satisfied.
Sub: #1 posted on Thu, 08/16/2018 - 23:43
(Posts: 432 | Credits: )
Sub: #2 posted on Fri, 08/17/2018 - 05:05
(Posts: 1234 | Credits: )
So, look for a settlement or consolidation company that is into business for quite a few years and has BBB accreditation. Also, check out customer reviews to be sure that it has a satisfied clientele.
Also, another way to find a good company is to take references from your family and friends who has already taken help and is satisfied.
Sub: #3 posted on Fri, 08/24/2018 - 01:09
Industry Expert
(Posts: 2825 | Credits: )