Currently the FTC is considering a proposal to Ban the large upfront fees that most debt settlement companies charge.  USOBA – The United States Organization for Bankruptcy Alternatives, recently submitted testimony to the FTC that such a ban could put up to 84% of their member debt settlement companies out of business. USOBA is a trade association for the Debt Negotiation Industry.  They claim membership of about 200 debt settlement companies. Since most Debt settlement companies incorporate a similar advance fee […] Read more »