Debt Articles
Below are articles concerning the debt settlement industry and consumer debt relief. Feel free to give us a call at Professional Debt Consultants to discuss our program and why it is so highly rated.
Consumer Protection
The facts consumers need to know about Debt Collectors. Understand your protection rights.
http://www.ftc.gov/bcp/conline/pubs/credit/fdc.shtm
New Bankruptcy Law
A website explaining the new bankruptcy law and what effects it has on the consumer.
http://bankruptcy.findlaw.com/new-bankruptcy-law/
Why is America in so much Debt?
An important article concerning credit card debt.
http://www.msnbc.msn.com/id/12306509/site/newsweek/
CAMCO To Pay $1 Million to Settle Unfair, Deceptive Collection Practices
The settlement bans the companies from engaging in any future debt collection activities
http://www.ftc.gov/opa/2006/12/camco.htm
Debt XS fined by State Attorney General against Chase Bank
DebtXS of Dallas used tactics to conceal fees for debt reduction and payoffs with creditors
http://www.oag.state.tx.us/oagnews/release.php?id=1729
FTC Stops Nationwide Debt Negotiation Scheme
Federal judge has issued a temporary restraining order against a nationwide operation that claimed it could reduce consumers’ debt by up to 60 percent, leading many people into financial ruin and bankruptcy.
http://www.ftc.gov/opa/2006/09/nationwide.htm
AmeriDebt Sued For Fraud
Agency Alleges that “Credit Counseling” Firm Misrepresents Costs and Nature of Its Services.
http://www.ftc.gov/opa/2003/11/ameridebt.htm
Ameridebt Founder Settles FTC Deception Charges
The Federal Trade Commission today put a successful end to the largest case against deceptive credit counseling and debt management brought by the agency.
http://www.ftc.gov/opa/2006/01/andrispukke.htm
Cambridge Credit Counseling Corp. refunds $250,000 in overcharges
Refunds of $250,000 to hundreds of West Virginia consumers who were overcharged for the company's services.
http://www.consumeraffairs.com/news04/2006/06/wv_cambridge.html
General Debt Information
Understanding the basics of debt settlement, debt negotiation, and debt consolidation will help you to determine the best course of action for your situation. A useful overview concerning your legal rights with specific links to federal code and state statutes.
http://www.law.cornell.edu/wex/index.php/Debtor_and_creditor
Credit Cards Without Late Fees? What You Don't Know Can Hurt You
Americans know all too well how much it costs to use credit cards. The average household in the U.S. now has nearly $10,000 in credit card debt.
http://www.articlecity.com/articles/business_and_finance/article_4275.shtml
Credit card companies are doubling their minimum payments
Due to the overwhelming amount of credit card debt, credit card companies are doing whatever they can to collect payment.
http://www.bankrate.com/brm/news/debt/20050503a1.asp
Good Debt Vs. Bad Debt
The amount of personal debt in this country is ever-increasing and a large part of the reason is that credit has never been easier to get.
http://www.bankrate.com/brm/news/cc/20040806e1.asp?rss=1
Credit and Your Consumer Rights
You have rights as a consumer to take specific actions towards your credit standing. Remember, if you don't know your rights, then you have none.
http://www.ftc.gov/bcp/conline/pubs/credit/crdright.htm
Getting Credit: What You Need to Know About Credit
Having problems establishing your credit record? Do you really know what it means to have a credit record? Find out here.
http://www.ftc.gov/bcp/conline/pubs/credit/gettingcredit.htm
Eight Things A Credit Card User Should Know
Most Americans have at least one credit card, but how many really know when their interest rate can be raised, how much interest they can legally be charged, and why credit card companies raise rates?
http://credit.about.com/od/credit101/tp/8thingsrecards.htm
Man Has Largest Credit Card Debt with 1,497 Credit Cards
Please don't let this happen to you. There are better ways to get into the Guinness Book Of World Records.
http://www.abcnews.go.com/GMA/WaterCooler/story?id=411883&page=1
