Federal Government Credit Card Debt Relief Plans Change – Obama Rules for Debt Settlement Adjust Today

Posted on | October 27, 2010 | No Comments

Over the last several months Millions of Americans have looked for help when it comes to high interest rate credit card debt. Some of these same individuals have searched for a federal government credit card debt relief program, plan or service. It is very important to understand that the present time there is no such thing as a credit card debt relief plan, service or program from the government or Pres. Obama.


In fact, the rules for credit card debt settlement and debt relief are going to change today, October 27, 2010, as these companies will no longer be able to charge upfront fees for their services. Any services that are provided must be completed before any money exchanges hands. This could help many consumers when it comes to avoiding scams with credit card debt relief.


Before deciding that credit card debt relief is right for specific financial situation it is always a very good idea to consider the options. The FTC website offers many free resources that are extremely valuable. By creating a strong monthly budget that could help many Americans save quite a bit of money and get out of credit card debt quicker than they imagined.

Author: Jeremy North

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