Related News

News about Debt Settlement Companies

"Warnings about debt settlement companies"
By Sumathi Reddy
February 3, 2009
Click here to view article.
In the past several years, the number of debt settlement companies has exploded nationwide, but consumer advocates advise against using their services. ~Newsday.com

"CONSUMER REPORTS: Debt settlement traps"
By Mark Koebrich
February 4, 2009
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Consumer Reports says watch out, because you could end up in even worse financial trouble.

 

News about Credit Counseling Companies

"FTC Testifies about Credit Counseling Abuses"
Federal Trade Commission
March 24, 2004
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The Federal Trade Commission's greatest concern about Credit Counseling Agencies is the deception about the nature and costs of their services. ~Federal Trade Commission

"FTC, IRS, and State Regulators Urge Care When Seeking Help from Credit Counseling Organizations"
Federal Trade Commission
October 14, 2003
Click here to view article.
An increasing number of complaints to federal and state agencies indicates that some organizations are engaging in questionable activities. ~Federal Trade Commission

 

News about Credit Card Companies

"What paying with plastic really costs"
By Sarah Max, CNN/Money Staff Writer
April 12, 2002
Click here to view article.
The devil is in the details for interest rates, credit limits and fees. ~CNN Money

"Credit card companies' top 10 money-grabbers"
By Bankrate.com
Click here to view article.
The fine print is a license to steal, rigged to trap the unwary with huge fees and rates increases. Know your enemy.

"The Cement Life Raft"
By Elizabeth Warren & Amelia Warren Tyagi, PBS.org
July 12, 2005
Click here to view article.
Two authors make the case against predatory lending practices of the mortgage and credit card industries. ~PBS

"Your credit card payment just doubled"
By Melody Warnick, Bankrate.com
Click here to view article.
Credit card companies are raising minimum payments. What can you do to cope? ~MSNBC

"Rate hike to pinch credit card holders"
The Associated Press, MSNBC
June 30, 2004
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The cost of carrying credit-card debt will get more expensive as rates rise. ~MSNBC

"Credit Card Fees become Cash Cow"
By Christine Dugas, USA Today
July 14, 2004
Click here to view article. 
The credit card industry made $43 billion during 2003 just from fees they charged consumers. ~USA Today

 

News about Bankruptcy

"Advertisements Promising Debt Relief May Be Offering Bankruptcy"
FTC
May, 2008
Click here to view article. 
The Federal Trade Commission (FTC) cautions consumers to read between the lines when faced with ads in newspapers, magazines or even telephone directories. While the ads pitch the promise of debt relief, they rarely say relief may be bankruptcy. ~Federal Trade Commission and American Financial Services Association

"Is Filing for Bankruptcy a Good Cure for Your Debt?"
by Diana Estigarribia
Click here to view article. 
Filing for bankruptcy is not a decision to be taken lightly. ~iVillage

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