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  • Spectacular!

    I liked your fast, friendly service. You were all knowledgeable in the area of bankruptcy. Your treatment of me as a client was spectacular! You were great at promptly responding to my questions and concerns. I loved that you provided courteous and quick responses to all my questions.
    --Donna
  • Highly Recommended!

    I have worked with Seth and he is the utmost professional in how he works with his clients. If you need an attorney you can trust I would highly recommend the Law Office of Seth Hanson.
    --David
  • Very Professional.

    Everyone was very professional and efficient. Seth, and everyone that I had contact with were very knowledgeable. I was very pleased with how we were treated by his staff. My questions were always answered promptly. I was very pleased with the service I received and would not hesitate to refer someone to your firm.
    --Anonymous
  • Non-judgmental.

    You were very open and answered all of my questions. You never made me feel like I was asking a dumb question. I was comfortable with your knowledge of the law. It was hard for me to make this decision to move forward in my life. Everyone was friendly to me and respectful. Non-judgmental. Every question I asked was answered promptly and appropriately. I would recommend you.
    --Anonymous
  • More Than Expected!

    I found the firm's representation to be more than what I expected. I was always kept in the loop, all my questions were answered (whether or not I asked more than once the same question), and I felt completely supported by the firm staff when going through this (at times) scary ordeal. Thank you again.
    --Joanna
  • Very Impressed!

    I liked that you had very friendly, caring staff. You were all very knowledgeable. Your treatment towards me was excellent and you quickly responded to all my concerns. If a friend asked of your overall impression, I would say that we were very impressed and we would recommend you to them.
    --Danielle

Debt Consolidation Rules And Regulations

Debt Consolidation Rules and Regulations The Federal Trade Commission, or FTC, is a government agency that works to protect consumers against fraudulent and deceptive business practices. These range from a variety of sources including the internet, telemarketing agencies, and identity theft. With the help of Americans, they act as watchdogs for consumer rights. In terms of offensive measures, the FTC  works to ensure debt consolidation companies are held to specific standards. Here are several debt consolidation rules and regulations that you should know about in the event you receive correspondence from a company offering these services.

Debt Consolidation Rules and Regulations

Fees Must Be Disclosed Up Front

Any company that accepts profit for their debt consolidation services must disclose the full fee as well as their refund policy ahead of time. Additionally, this cannot be a best guess or estimate. They also cannot collect the entire fee up front.

Time Line for Debt Consolidation Must Be Established

The debt consolidation company must give you a realistic estimate of time that you can expect their program to last. This should be based on the results of previous experiences with creditors.

Debt Consolidation Savings Must Be Accurately Stated

Much like the truth in advertising laws, the FTC Debt consolidation rules state that companies must give accurate figures on how much money you will actually save with their programs. Again, these savings should be based on previous settlements with real clients.

Your Debt Consolidation Funds Must be Held in Insured Savings Account

When you go into a debt consolidation program the company will collect your payments into a “war chest” in order to have money to draw out of in order to settle your debts. In the past, companies inappropriately labeled this an escrow account that wasn’t held by an insured financial institution. In accordance with FTC guidelines, these funds must be placed in a dedicated account with an FDIC insured bank. You, the consumer, should have control and ownership of these funds at all times.

Many of these rules and regulations can be found on the Sacramento bankruptcy attorney or the state’s attorney to lodge a formal complaint.

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