Today, the Federal Trade Commission came down hard on for-profit debt relief firms. The FTC’s new amendments to the Telemarketing Sales Rule will prohibit debt relief companies from collecting advance fees, among other things. Here is some basic information about the new Rule. Who: The Federal Trade Commission, which enforces the Telemarketing Sales Rule, has [...]
Debt – it can happen to anyone. Some think that those who bring in a “certain level” of income are immune to financial hardships, but that simply is not the case. Often times, we hear stories of wealthy individuals or huge corporations filing for bankruptcy because of uncontrollable circumstances or poor financial planning. In a [...]
Step 1 Request a copy of your credit report from one or all three major credit reporting agencies in the U.S. The companies are TransUnion LLC, Equifax Credit Information Services, Inc., and Experian. Step 2 Review your credit report and check for inaccuracies, such as incorrect personal information, accounts that do not belong to you [...]
The United States under Obama is just turning the corner as far as recession is concerned. But one factor that had contributed to some extant to the recession and financial crisis is the credit card debt in the USA. In terms of figures the credit cards in circulation are over 1.5 billion for a population [...]
Want to get rid of your debt but don’t want to file for bankruptcy or risk foreclosure? If so, debt settlement is an option worth considering. You might think you can’t settle your debt on your own, but the truth is you can do it yourself. There’s no law that says you have to hire [...]
The average consumer carries around $20,000 worth of credit card debt and pays close $400 a month on that credit card debt. The average interest rate on credit cards in the United States is 15% APR. So if you take the time to figure out the statistics you will find that over the life of [...]
Lured by the exotic loans or attractive loan schemes, you may sometimes land yourself in a situation where you will lose the balance between your monthly income and monthly expenditure. It is a financial catchy position where you can find it difficult to make your monthly payments. You may be you are thinking about filing [...]
There are 5 ways to get rid of debt and lead a stress-free life. But what’s important is that you choose the one that works for you. 1. Interest rate arbitration: This is where you choose an independent third party to negotiate low interest rates with your creditors. So, you can consolidate multiple bills with [...]
Debt settlement backend processing companies like Debt Aid Processing, as their name implies, provide the actual back office processing services required for the companies that settle debt. These companies must have the licensing necessary to provide such service on a state-by-state basis. In many cases, the debtor is not even aware that they are dealing [...]
DEBT AID PROCESSING INC.
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