Federal Government Credit Card Debt Relief – Major Obama Changes in Plans, Programs and Services on Debt Settlement

Posted on | November 11, 2010 | No Comments

As we continue to see the overall economy struggle to recover it is the case that a growing number of Americans continue to search for a federal government credit card debt relief program or plan. It is very important to recognize that the current time, November 11, 2010, there is no such thing as a government or Obama credit card debt relief service, program or plan.


Pres. Obama and his staff have addressed the issue of upfront fees on credit card debt relief over the last several weeks. On October 27, 2010 the administration started enforcing rules that credit card debt relief and debt settlement companies can no longer charge a fee until a service completed. This should help many Americans save money and avoid scams.


Before deciding that credit card debt relief or debt settlement is right for a specific financial situation it is always a very good idea to do research online and see what options are available. The FTC website has many valuable resources that are completely free that can help Americans understand how to budget their money wisely and know their rights when it comes to high interest rate debts.

Author: Tiffany Mann

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