Articles and Resources

These articles on debt setttlement, debt consolidation, debt relief, and debt negotiation are available to you to help you understand these confusing topics. Thousands of websites give all sorts of information, but hopefully we can clarify and provide some answers on the credit card debt settlement process and debt related issues.


Our goal is to provide you with the best possible sources for all your debt needs. Debt companies come in many shapes and forms, and not every company is able to help every person. Unfortunately there are companies out there that want nothing more than your money, and as soon as they have it they will no longer provide you with the help that you need. We strive to provide as much information so you can understand all your credit card debt options and solutions.


These articles reliable about the debt industry and hopefully will answer all of your questions.

 

 

Debt Stats
$1.7 trillion
Total consumer credit.		 $8,562
Credit card debt carried by the average American.
$50 billion
Total finance charges Americans paid in 2001.		 $1.6 billion
Market capitalization of AT&T -- the entire corporation.
78%
Percent of U.S. households deemed "credit worthy" by the lending industry.

1.3 million
Number of credit card holders declaring bankruptcy last year.

 


WASHINGTON (AP)-- Late payments on credit card bills dipped in the second quarter, while delinquencies on home equity lines of credit climbed to a 5 1/2-year high, painting a mixed picture of how people are managing their debt.

Credit card debt - Wikipedia, the free encyclopedia Debt results when a client of a credit card company purchases an item or service through the card system. Debt accumulates and increases via interest and ...
http://en.wikipedia.org/wiki/Credit_card _debt 

 The truth about credit card debt - MSN Money

Is your Money Safe?

 General Debt Information
Understanding the basics of debt settlement, debt negotiation, and debt consolidation will help you to determine the best course of action for your situation.
Debtor/Creditor Legal Facts - A useful overview concerning your legal rights with specific links to federal code and state statutes. 

Credit card companies are doubling their minimum payments
Due to the overwelming amount of credit card debt, credit card companies are doing whatever they can to collect payment.
http://www.bankrate.com/brm/news/debt/20050503a1.asp

Debt-Negotiation Defendants Agree to Settle FTC Charges in Nationwide Operation that Led Many Into Financial Ruin

http://www.ftc.gov/opa/2008/09/nss.shtm

 Debt Articles  

Debt Settlement Collection Laws for Consumers  http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre18.shtm

What You Should Know About Credit http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre32.shtm

Consumers Alert on Identity Theft  http://www.fdic.gov/consumers/consumer/alerts/theft.html

Life After Debt  http://articles.moneycentral.msn.com/SavingandDebt/ManageDebt/DoYouBelieveInLifeAfterDebt.aspx

 

    

 

Credit and Your Consumer Rights: 
    You have rights as a consumer to take specific actions towards your credit     standing. Remember, if you don't know your rights, then you have none.
    

Getting Credit: What You Need to Know About Credit 
Having problems establishing your credit record? Do you really know what it   means to have a credit record? Find out here. 

 

Bureau of the Public Debt
The Bureau of the Public Debt Provides Updates on the Increasing United States Public Debt 

The Fair Debt Collection Practices Act
The United States has enacted laws to protect consumers and prohibit abusive practices by debt collectors.

Fair Credit Reporting Act
The federal Fair Credit Reporting Act (FCRA) promotes the accuracy, fairness, and privacy of information in the files of consumer reporting agencies.

Fair Credit Billing Act
The FCBA settlement procedures apply to disputes about “billing errors.”

Credit and Your Consumer Rights
Learn about credit ratings and your rights.

Credit Reports and Scoring

Get tips on credit cards

Article – Debt Collector Settles with FTC for Abusive Practices
An article about illegal debt collection practices.

The Truth in Lending Act
The FDIC has created laws, regulations, and related acts in order to protect consumers.

The Federal Reserve System
Helpful information regarding the Federal Reserve System

Free Credit Report – Obtain Yours Today
A recent amendment to the federal Fair Credit Reporting Act requires each of the nationwide consumer reporting companies – Equifax, Experian, and TransUnion – to provide you with a free copy of your credit report, at your request, once every 12 months.

   

 Ask the Pro: Credit Counseling - Newsweek: Tip Sheet Money Guide ...  (9/3/2006)
Does debt consolidation make sense? Rarely. Using credit to pay off other credit can become a vicious cycle. However, if you have considered the total costs of the loan, both ...
http://www.msnbc.msn.com/id/14639924/site/newsweek

Should I trust credit-counseling agencies? - Today: Money - MSNBC ...  (8/20/2004)
Be careful, says Jean Chatzky, when dealing with ‘non-profit’ debt-consolidation firms. Plus: Naming a guardian for your kids. ... Should I trust credit-counseling agencies? Be ...
http://www.msnbc.msn.com/id/5772061/

Transcript: When Money and Marriage Mix - Newsweek Life Lessons ...  (4/5/2007)
Yes, they can be helpful to people that do not understand the steps of debt consolidation and then retiring the past due debt. Many people across America are in a ‘debt ...
http://www.msnbc.msn.com/id/17888626/site/newsweek/

Money: Dial a Planner - Newsweek: Tip Sheet Money - MSNBC.com ...  (2/6/2005)
Experts will rebalance your 401(k) portfolio for $200 or provide a debt-consolidation blueprint for $100. Garrettplanningnetwork.com . Advisers charge between $150 and $300 an hour ...
http://www.msnbc.msn.com/id/6920227/site/newsweek/

  

Articles to Come: