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IRS calls credit agencies poster child for bad conduct
Under the new bankruptcy law a person in financial distress is required to obtain counseling before filing for bankruptcy. With this new requirement the most vulnerable are finding themselves dealing with agencies that give the consumer improper advice, use deceptive acts, and charge exorbitant fees.
IRS Commissioner Mark Everson gave an impassioned account of the abusive practices and states "These folks are preying on people who are the must vulnerable, they get somebody on the phone,
and the employee is compensated totally on selling a prepackaged debt-management plan. Those employees use high-pressure scare tactics to make sales and leave the buyers with heavy feels to pay and little counseling or financial education."
The full article will be available on the Web for a limited time:
http://www.dfw.com/mld/dfw/business/14618801.htm
Pam
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