Debt Confessions of a Former Priest
When he left the priesthood in 2001, he was deep in credit card debt. He dug himself out eventually, but looking back he marvels at how easy it was to get into such a desperate situation.
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How Debt-Settlement Companies Skirt New FTC Rules
The Federal Trade Commission's telemarketing rules aim to protect consumers from debt-settlement companies that charge upfront fees or overpromise results. But some companies already have found ways to get around those rules, consumer groups warn.
Losses Mount at Debt Settlement Firms
Next month, debt settlement firms will no longer be able to collect advance fees from consumers seeking to escape their credit card debts. In the meantime, unlucky debtors are reporting losses as the firms begin to go belly up, taking their fees and deposits with them.