Debt settlement companies will now be required to tell you how much debt will be reduced by showing you agreements from your creditors. Then if you agree to move forward in the process they will be allowed to charge you a fee.
The rule was setup under the Telemarketing Sales Rule by the FTC, therefore the new rule only applies to companies selling service by phone.
With that said, companies will most likely setup appointments over the phone and then meet with you face to face to do their presentation so they can still collect a fee.
Source: cnnmoney.com
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