Credit-Advisors Announces FTC Rules to Protect Consumers from Debt Relief Companies; Good News for Consumers and GREAT News for Industry Leader

SUNRISE, Fla.--(BUSINESS WIRE)--In a long awaited ruling, starting on October 27, 2010, for-profit companies that sell debt relief services over the telephone may no longer charge a fee before they settle or reduce a customer’s credit card or other unsecured debt.

“We have all been well aware of the on-going deliberations regarding changes to telesales and telemarketing of Debt relief programs and welcome the official ruling of the FTC. Unfortunately, there are just too many rogue companies doing the”

Due to a few, unscrupulous business owner who have abused financially strapped Americans, the FTC has finally imposed new regulations to support legitimate Debt Relief companies which provide a strong service and value to their clients.

Credit-Advisors is a for-profit Debt Relief / Wealth Management company which has long supported FTC rules, and applauds this resolution which ensures a more legitimized marketplace.

Paul Arroyo, Chief Operating Officer of Credit-Advisors states: “We have all been well aware of the on-going deliberations regarding changes to telesales and telemarketing of Debt relief programs and welcome the official ruling of the FTC. Unfortunately, there are just too many rogue companies doing the "wrong" thing when it comes to helping people eliminate their debt. This ruling will further eliminate those who have bad intentions, and strengthen our position as industry leaders. Our vision is not only to eliminate the debt, but to help all our customers build to a position of wealth and strength!” He added that this ruling will finally bring closure to an unsure marketplace. “Now, we can move forward with a clear business process.”

In response to the anticipated fallout from this ruling, Credit-Advisors has created a “Safe Haven” program for displaced Debt Relief clients who are now orphaned by businesses which close their doors. Effective immediately, Credit-Advisors will welcome any clients who have had a negative experience with their existing Debt Relief Company. We know this ruling will drive many companies out of the business, leaving the consumers with no place to turn. We will provide these displaced clients with a thorough financial consultation and 100% credit for the retainer fees they have already paid to their current Debt Relief Company.

To learn more about Credit-Advisors “Safe Haven” program, or if you have other questions about Debt Relief program, contact Erin Kidd at 866-578-0015 X2001 or visit www.credit-advisors.com/safehaven.