|
The Federal Trade Commission has shut down Santa
Ana, California-based National Consumer Council Inc., a non-profit
credit counseling agency and its for-profit affiliates. The FTC cited "misrepresentations
and omissions" for its actions. Also, alleging that the agency had violated
“other regulations and laws,” the FTC has filed a lawsuit against National
Consumer Council.
Commenting on the FTC’s actions, Bill Mitchell, President
of the Better Business Bureau of the Southland called the credit counseling
agency the largest and most egregious of deceptive debt-relief operations.
According to Mitchell, the agency collected high upfront fees from
its clients and often left them worse off financially than they were before.
Many of those people ended up having to file for bankruptcy.
SOURCE: Los Angeles Times
If you are looking for reliable information on ways to
get out of debt, visit my colleague Gerri Detweiler’s website at
www.DebtConsolidationRX.com
and request her free report. If you have accounts in collection, my eBook
Stop Debt Collectors Cold is a must!
Click here to learn more about
this valuable resource for those struggling for control of financial problems.
John Ventura, Attorney and Author
|
