Federal Government Credit Card Debt Relief – Obama Rules Effective with No Up Front Fees for Debt Settlement

Posted on | October 28, 2010 | No Comments

Effective October 27, 2010 the federal government and FTC is enforcing laws that make certain that credit card debt relief in credit card debt settlement companies cannot charge upfront fees. With the overall economy greatly struggling many hard-working Americans continue to search for a federal government credit card debt relief program or plan.


Before making any assumptions it is very important to understand that there is no government or Obama credit card debt relief program. At the present time the best way to find financial freedom is to come up with a very strict budget and stick to this budget. The FTC website offers many free resources that can help Americans better understand how to make the correct budget.


Saving money is very important especially during the Christmas holiday shopping season. Instead of going out and spending a ton of money before the holidays and might be wise to consider research on after Christmas sales at Target. By waiting until after Christmas and many Americans will have an opportunity to save quite a bit of money on merchandise. Sometimes they can save up to 75% which can help them not build a huge amount of credit card debt.

Author: Heather Best

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