Federal Government Credit Card Debt Relief – Obama Administration Works to Chance Debt Settlement Rules
Posted on | November 18, 2010 | No Comments
With the national unemployment rate above 9.5% many Americans continue to struggle when it comes to money and personal finances. It is no surprise to see many of these same individuals looking for a federal government credit card debt relief program, plan or service. It is important to a knowledge that at the present time there is no such thing as a government or Obama debt relief plan.
The Obama administration has worked very hard to change rules when it comes to credit card debt settlement and credit card debt relief. On October 27, 2010 the Obama administration passed rules that will be enforced upon those companies that are charging upfront fees for these services. It is no longer the case that credit card debt relief for debt settlement companies can charge any upfront fees.
With this being the case of a large number of Americans will have the ability to avoid scams and make certain that they are working with legitimate companies. The FTC website has many valuable resources that are completely free they can also help Americans better understand their rights and rules when it comes to high interest rate credit card debt.
Rather than making the assumption that credit card debt relief is the last option it may be wise to create a very strong weekly or monthly budget which in turn will help Americans know where their money is going. It is quite surprising to find out just how many people have no idea where their money is being spent.
Taking the time and effort to create a very good budget could be as easy as just downloading a spreadsheet. Once again, the FTC website has many valuable resources that are completely free and some of these resources could help Americans create a very good budget that helps them get out of high interest rate credit card debt.
Author: Tiffany Mann
Tags: debt relief government plans > government credit card debt relief > Obama Credit Card Debt Relief > obama debt relief > obama debt relief plans > obama debt relief programs
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