The fraud and abusive practices of credit repair organizations, is so bad that the Federal Government has had to amend The Consumer Credit Protection Act to protect American consumers. The Consumer Credit Protection Act.
I recently resigned from a debt elimination company, because I saw first hand, how client account’s would sit in file cabinets, untouched, for months. The company doesn’t contact many of the client’s creditors, while the client’s credit card accounts collect dust, and interest in large filing cabinets. Many of this companies clients, never hear from the debt elimination company, after signing their contract for services. In the meatime, debt collectors harass the client’s on thier cell-phone at work and at home.
While working at this debt elimination company, I settled hundreds of accounts and saved my clients thousands of dollars on all kinds of debt. Although I did good things for my client’s, I realized that the consumer is their own best weapon, for the elimination of their own debt.
The Smart Debt Consolidation Blog, helping Americans get out of debt one click at a time.
Saturday, August 25, 2007
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