Credit Card Help At Firefighterplay.com Advices On How To Stop Stressing Over Credit Card Lawsuit
Well known blog for credit card tips and tricks, Firefighterplay.com advocates proper consumer education on dealing with credit card debt
Arming yourself with the right knowledge can get collectors off you back for their abusive collection practices. Created to provide consumers an opportunity to contest debt information for accuracy purposes, this act is also geared at stopping offensive and over aggressive manner these collection agencies employ in order to enforce debt collection.
Debt consolidation program has mushroomed because of this and a lot of people fall prey to unscrupulous characters that fall for too-good-to-be-true promises. While there are certainly a lot who are legitimate and do their business, it is prudent to do your homework first before joining a debt consolidation program. Falling into quick solutions may look every tempting but Travis Plunkett, Legislative Director of the Consumer Federation of America says, “That is virtually impossible under any circumstances.” He added, “They are promising something they can’t deliver”.
Another option would be to seek the assistance of a reputable credit counselor. They can help you by developing a personalized financial management program based on your unique circumstance. This is a more viable solution for most consumers because you learn how to develop your budget and manage your money well. A good way of checking your credit counselor’s credential; is through the The U.S. Trustee Program office. The have a list of government-approved organizations that caters to these types of cases.
In an online newsletter issued by the Federal Trade Commission (FTC), they have warned the public about the presence of Debt Settlement Scams, to wit: “Some companies offering debt settlement programs may engage in deception and fail to deliver on the promises they make — for example, promises or “guarantees” to settle all your credit card debts for, say, 30 to 60 percent of the amount you owe.
Other companies may try to collect their own fees from you before they have settled any of your debts — a practice prohibited under the FTC’s Telemarketing Sales Rule (TSR) for companies engaged in telemarketing these services. Some fail to explain the risks associated with their programs: for example, that many (or most) consumers drop out without settling their debts, that consumers’ credit reports may suffer, or that debt collectors may continue to call you.”
Firefighterplay.com is a blog site that aims to promote consumer awareness on the credit card debt management and the issues surrounding it. Having the right information will help consumers in making intelligent decisions on handling their credit card debt.
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