From How to Get Out of Debt

Here is another letter sent to the FTC in support of banning advance fees for debt settlement programs. It is notable for it’s strong statements and its well documented footnotes. @GetOutOfDebtGuy Comments of Michael Calhoun, President, of the Center for Responsible Lending to the Federal Trade Commission Notice of Proposed Rule-Making: Telemarketing Sales Rule Debt [...]

Read the full article at GetOutOfDebt.org, click here: CRL Says TASC and USOBA Harm Ordinary Families at the Hands of Debt Settlement Companies

From How to Get Out of Debt

There is no easy way to say this, credit card company greed makes me want to vomit. Today, credit card companies and the American Bankers Association have their britches all in a bunch because new credit card limits and protections for consumers will be voted into law within the week. The banks response, more fear [...]

Read the full article at GetOutOfDebt.org, click here: Credit Card Industry to Punish Consumers for New Credit Card Protections

From How to Get Out of Debt

This week I asked the Personal Finance Bloggers Brain Trust the following question and as always, the answers are thoughtful and insightful. Question: At the very time that our banks and Wall Street are asking and looking for a financial bailout they are condemning the ‘Credit Cardholders’ Bill of Rights. The American Bankers Association issued [...]

Read the full article at GetOutOfDebt.org, click here: Would You Like More Credit Card Rights If It Means Credit Cards Are More Expensive?