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DEBT SETTLEMENT LAWS in Davie, Florida

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DEBT SETTLEMENT LAWS
Seller: Nancy Mcinstry
Date/Time:06 Sep, 05:28 a.m. EST
Type: Financial, For Sale - Private.

Amendments to Telemarketing Sales Rule Prohibiting Debt Relief Companies From Collecting Advance Fees Will Take Effect in October 2010 FTC Issues Final Rule to Protect Consumers in Credit Card Debt services. Before people sign up, you must disclose fundamental aspects of your services, including how long it will take for them to get results, how much it will cost, the negative consequences that could result from using debt relief services, and key information about dedicated accounts, if you use them. ?You can't misrepresent your services. The new Rule prohibits you from making false or unsubstantiated claims about your services WHO'S COVERED BY THE NEW RULE The new Rule applies to for-profit sellers of debt relief services and telemarketers for debt relief companies. The new Rule defines a "debt relief service" as a program that claims directly, or implies, that it can renegotiate, settle, or in some way change the terms of a person's debt to an unsecured creditor or debt collector. That includes reducing the balance, interest rates or fees a person owes. The TSR defines "telemarketing" as a "plan, program, or campaign . . . to induce the purchase of goods or services" involving more than one interstate telephone call. Most of the provisions of the TSR apply to sellers and telemarketers, so the terms "company" and "provider" in this Guide refer to both. In addition, certain parts of the Rule apply to those who provide substantial assistance or support to sellers or telemarketers. Some examples of debt relief services include: ?Calls to you in response to advertising -- consumer calls in response to TV or radio commercials; infomercials; home shopping programs; ads in magazines, newspapers or the phone book; online ads; billboards; or ads in other media . ??Calls to you in response to most direct mail promotions -- consumer calls in response to postcards, flyers, door hangers, brochures, "certificates," letters, email, faxes, etc., urging people to call about debt relief services. 1. How much your service costs and other important terms. Before someone signs up for your service, you must disclose all fees. If you charge a specific dollar amount, you must disclose that amount. If you charge a percentage of the amount a customer would save as a result of your program, you have to disclose both the percentage and the estimated dollar amount it represents for that customer. In addition, before someone signs up, you must disclose any material restrictions, limitations, or conditions on your services. If the sales presentation includes a statement about your company's refund policy, you must also include a clear and conspicuous disclosure of all terms and conditions of the policy. If you don't give refunds, the Rule requires you to tell people that before they sign up FILE A COMPLAINT WITH FEDERAL TRADE COMMISSION THE ATTORNEY BAR ASSOCIATION ALSO FILE A COMPLAINT ON YOUR STATES ATTORNEY GENERAL OFFICE ONLINE

State: Florida  City: Davie  Zip code: 33324 Category: Financial
Financial in Florida for sale

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