Posted on
January 15, 2010
at
5:33 am
Fact or rumor? There exists a government sponsored financial assistance or a sort of a federal debt relief program available to consumers -
Posted on
January 15, 2010
at
5:37 am
Government assistance or debt relief ... for personal debts like credit card bills? Nope. But there are privately run debt relief programs in abundance - you just have to carefully select the right one for your situation.Speaking of which - destroydebt.com can match you up to an eligible company for free - just fill out a form and speak with a debt consultant.
Posted on
January 15, 2010
at
5:40 am
I agree you must also be able to distinguish the difference between a loan and an assistance - the government certainly has loans for consumers in need (of course it comes with tons of paperwork and long waits - and proof of your hardship) - and those require repayments with interests.
Posted on
January 15, 2010
at
5:44 am
Loans are typically for private consumers. Another terminology attached to those is - grants.Grants, unlike loans that needed to be repaid, are for community projects, researches, and non-profit organizations.
Posted on
January 15, 2010
at
5:47 am
We are half way through January - remember that the Credit Card Accountability, Responsibility and Disclosure Act? It takes effect in February - that could be considered, in a way, a sort of an assistance from the government. Regulating some creditors unfair practices.
Posted on
January 15, 2010
at
5:48 am
Thank you all for the replies -And what is that act about?
Posted on
January 15, 2010
at
5:52 am
It has been referred to by several names, one of which is the Obama debt relief act ... and it tackles the ff:Interest rates: If the consumer's payment is 60 days late, the credit card company can increase the rate.-Penalty fees: Unless the consumer has asked for an over-limit fee, the creditors can't charge the consumer for it. Banks may not charge late fees if they were also late in crediting a payment.-College students: Credit card companies may not market to people under the age of 21, without parental permission, or verification of their ability to pay.
Posted on
March 9, 2010
at
1:57 pm
This seems like a web generated blog to entice customers into believing that someone is actually blogging when in fact they are not. Nice job!
Posted on
March 10, 2010
at
3:19 am
Government assistance for debt relief - what they say is true - butthe government has agencies that could help you - only if you qualify -you might want to take a look in here -
http://www.usa.gov/Citizen/Topics/Benefits.shtml
