If you are being harassed by your credit card debt, then it is high time for you to get some credit card debt consolidation help. The Federal Trade Commission has provided a gear in the form of the new federal law that protects consumers from abusive and aggressive tactics of an undue number of card companies. Moreover, the federal government has settled for a new law that will enable free credit card counseling sessions. Finally, these laws can assist you in negotiating the debt with the creditor and therefore help you reduce the debt at your earliest.
The most important thing about consumer debt rights is that your creditors can be called after attending a debt consolidation counseling session without incurring any penalties. The new settlement laws will eliminate up to 50% of the annual fees charged by the card companies paid in advance. You can even avoid bankruptcy altogether. Therefore, it is time for you to take advantage of the credit card debt consolidation help available on the internet or even through consultations with a debt consolidation counselor.
New Laws Help Consumers By Up to 50%
The credit card sales companies charge an upfront fee to consumers, and if the consumer does not benefit from the services of the company or if he files for bankruptcy, then nothing is done. The law will accomplish for you as credit card debt consolidation help.
Now the credit card consolidation counseling services that charge an upfront fee are made mandatory only for the non-profit companies. The fee will only be about $10 as compared to other debt consolidation services which charge even more as they try to profit from the customer.
This law is a very important measure as consumers can easily find out the details of the company or agency using the official website of the BBB or TASC or the organization that performs a credit check on the debt consolidation companies. These organizations give you information about the companies, their accreditations, and if there have been any complaints filed against them.
The new law also protects you in cases of misleading credit card statements or the inability of a debt consolidation company to grant any reduction in your credit card balances. Consumers should make a wise decision and choose appropriate debt consolidation services to get advantages.
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