If enacted, California AB350 would not be effective until 2012. Consumer groups are already lining up to oppose the bill. They contend it is too soft of debt settlement companies. The debt settlement industry says that if the consumer groups had their way they could not stay in business profitably.

I think that there is a way for debt settlement companies to operate profitably and provide consumer protections. But until it is found, I think that most people should seek legal representation for Debt Settlement.

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