Choosing a Credit Card Debt Relief Program? – Know the Rights of the Consumer
After the financial market crash, many people had to go through a stage of life that they never imagined otherwise. Those, who fortunately found a suitable guide, returned to their normal lives, but those who are still stuck with calls from creditors and an increasing number of debts, find themselves helpless and lost! Also, many fake credit companies misuse this state of mind to exploit them for money in the name of suggesting a proper credit card debt settlement program. And as they say, one is more exploited by the lack of knowledge about their rights, therefore, this article briefly provides information about the laws of the Federal Trade Commission that protect consumer rights. Below are some of them-
1. It is now illegal to ask for fees before the case is fully resolved.
2. The credit card debt settlement program provider is legally required to provide information on the length and cost of the services you would seek to eliminate the debt and must provide other basics of the service you plan to pay for.
3. The debt relief service provider may not make false claims about their services.
So, if you find a violation of any of these ugly rules, you can speak out against these bogus debt relief solutions and seek outright justice. So whether you choose debt settlement or debt negotiation, or even if you choose credit counseling as the perfect answer to reducing your debt burden, you need to make sure that debt relief services do not violate the laws introduced to protect the rights of the debtor. .
So the next time a creditor promises you a 40-60 percent reduction in your debt amount as one of the debt relief solutions, you won’t be able to walk away from this number. To learn more, click http://www.creditorsrelief.com.
