The Federal Trade Commission is mailing refund checks to thousands of people who paid up front for debt relief.
Regulators say a company called United Debt Counselors, LLC sent direct mail ads to as many as 100,000 consumers per week, and thousands responded.
The FTC says the mail looked like official documents from a bank or attorney.
It’s a big heads up for anyone asked to pay up-front fees to reduce your debt and lower your payments.
Court records show the case was actually settled a year ago this week.
According to the FTC the company misrepresented it’s success rate, exaggerated how much money you can save,
failed to fully explain how the program works, and charged illegal up-front fees.
If your credit card debt is out- pacing your a…
Read the full article at: http://komonews.com/news/consumer/debt-relief-company-returns-money-to-ftc-refund-checks-in-the-mail
