How to Deal with the debt related problems
Date: Sat, 08/13/2005 - 13:25
Once a person gets a new credit, it is easy to get overwhelmed. A person has a tendency to spend more than his earning at such situation. Making things worse, he may fall ill, or lose his job and thus it becomes difficult to keep up with the bills.
If a person is unable to resolve the credit problems alone and needs some sort of assistance, he can contact an agency like the National Foundation for Consumer Counseling: This is a non profit organization which will help in solving your debt related problems. A counselor will visit you and he will analyze your financial situation. He will set a monthly budget and reduce your reliance on credit. They also assist in arranging a repayment plan between the consumer and the creditor.
A consumer should be very careful while dealing with the companies that claim that they can repair their credit problems. Such companies are often termed as "credit repair clinics" and they make misleading promises to consumers. They even promise to remove bankruptcy from the credit file of an individual and due to this service offered, they charge very high fees. If consumers wish, they can do the same thing on their own. Please have a detailed study about this problem at the following link:
http://www.ftc.gov/opa/2004/03/credittestimony.htm
A consumer is not required to pay someone for fixing the inaccurate entries in his credit report. He himself can get it fixed and get correct information on his credit file.
For more information about dealing with debt, visit the Federal Trade Commission website.
http://www.ftc.gov/bcp/menu-credit.htm
Regards
Roxette
If a person is unable to resolve the credit problems alone and needs some sort of assistance, he can contact an agency like the National Foundation for Consumer Counseling: This is a non profit organization which will help in solving your debt related problems. A counselor will visit you and he will analyze your financial situation. He will set a monthly budget and reduce your reliance on credit. They also assist in arranging a repayment plan between the consumer and the creditor.
A consumer should be very careful while dealing with the companies that claim that they can repair their credit problems. Such companies are often termed as "credit repair clinics" and they make misleading promises to consumers. They even promise to remove bankruptcy from the credit file of an individual and due to this service offered, they charge very high fees. If consumers wish, they can do the same thing on their own. Please have a detailed study about this problem at the following link:
http://www.ftc.gov/opa/2004/03/credittestimony.htm
A consumer is not required to pay someone for fixing the inaccurate entries in his credit report. He himself can get it fixed and get correct information on his credit file.
For more information about dealing with debt, visit the Federal Trade Commission website.
http://www.ftc.gov/bcp/menu-credit.htm
Regards
Roxette