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With sweeping regulations called for by members of the United States Congress, many commentators are already foreseeing end days for the debt settlement industry – claiming that the proposed legislation (fairly sensible, when you get right down to it) would force drastic changes to the ordinary course of business – but, it turns out, most of the best debt settlement companies long ago incorporated these guidelines within their normal corporate practices. After all, the greatest alterations within the forthcoming statutes concern the collection of upfront fees for services to be rendered, and no reputable settlement negotiation firm asks for more than a negligible amount of money be handed over during initial consultations: and that’s more to discourage the curious time wasters looking for free advice than anything else.

On October 31 of 2010, a supplementary Congressional regulation restrained any settlement firms whose business model called for demonstrable profitability – an odd intricacy of the tax laws that, in all truth, involves little more than the dispersal of fees; any not for profit debt relief service will still see some counselor making his or her tidy sums, have no fear – from billing charges prior to any actual work. If that (…)