A poor choice for credit card debt relief would be a debt settlement company according to the Federal Trade Commissions' recent announcement saying many of these companies use a business model based on deceit to get your business and the same could be said of consolidation companies and credit counseling. It's probably just an oversight by the FTC or is it?
Looks as if settlement companies, consolidators and credit counseling companies, whether they are for-profit or not, have all jumped on the bandwagon to take the consumers money and keep him paying until every last penny has been drained from his bank account and his financially lifeless carcass is then thrown to a pack of wolves called debt collectors who want the shirt off his back before he's buried!
Change your thinking about this mess our country is in and look at it for what it really is; a full blown war between the very rich banking industry and every citizen that is not totally involved in the finan cial scheme which is 99% of the population. When you are walking in a mine field of financial booby-traps you need to look very carefully where your next step will land you.
Before any soldier goes to war he is at least given a minimum amount of basic training before being called upon to possibly lay down his life for his country and the same should be true of any civilian living in a war zone when their financial life is on the line. If you have just 90 minutes to invest then you can acquire a financial boot camp education without leaving a scratch on your wallet but your mind will never be the same.
To begin your journey from private citizen to four-star general controlling your own destiny and that of our country, use the search term "the gig is up--money, the Federal Reserve and you" to see how lucky you are to still have a dollar in your pocket. This video presentation was made at The University of Colorado School of Law by a constitutional attorney.
H aving watched the gig you know the only thing that is supposedly not influenced by the big-money interests are your legal rights under constitutional law and your best choice for facing collectors head on can be found using the search term "FTC debt video" which is a cartoon show or you can download the PDF version which goes into more detail.
Even though the FTC is heavily lobbied by the banks, this law was written in 1966 when there were virtually no credit cards and the law was more of an accidental loophole because there were no card problems at that time. However, it's interesting to note "The Chicago Debacle" a term you can search and read the story about how 5 million credit cards were sent randomly to people (and even dogs with names) in Chicago just before Christmas of 66 and the ensuing melee.
Now you know settlement companies, consolidation loans and credit counseling are all designed to keep you paying to satisfy the insatiable demands of big banking in this unseen war that has been taking place in our nation since the days our founding fathers wrote the Constitution. The FTC law gives you a really big stick to use against collectors who are dead set on taking you prisoner and leaving you in the "poor house" for the rest of your life. Do something with your new knowledge! Live life and have fun!
Please visit http://www.creditcarddebtprotection.com or http://www.philscircle.com to discover how to legally negotiate debts down to 10%, increase your credit score 60 to 120 points, learn money mastery for life to stay out of the debt trap forever and never answer a collection call or written notice.
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