Federal Government Credit Card Debt Relief – Plans and Programs Regulated by FTC with New Rules in 2010

Posted on | August 23, 2010 | No Comments

The possibility of the federal government credit card debt relief plan or program has been on the minds of many struggling Americans as they look to take the necessary steps to pay off high interest rate credit card debt. It is very important to understand that there is no such thing as a government credit card debt relief program at the present time and the FTC is actually regulating this industry with new rules in 2010.


It will no longer be the case that credit card debt relief companies can charge upfront fees. In the past it has commonly been the case that credit card debt relief companies charged upfront fees before providing any type of service. Unfortunately, many Americans lost a lot of money by paying upfront fees and not having their credit card debt reduced.

With the FTC working very hard to protect Americans it will likely be the case that there are opportunities to find debt relief companies that do not charge upfront fees. Before any customer should make a final decision on credit card debt relief it is always wise to consider other options such as budgeting money wisely.

Author: Mike Garner

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