CONSUMER NEWS LINKS AND INFORMATION
"BUYER BE WARE"
You see those commercials with the smiling customers, flipping out their plastic cards for wonderful gifts, trips and the "good life", and you hear how major insurance companies are just there to save your family and hold your hand. What a great world! Then you lose your job, or actually need that insurance money. Somebody other than the happy salesman is in the picture now, and you're treated like a slice of meat. This page is for you: its happening all over the country:
CBS NEWS VIDEO - It's not just about talking to the Credit Card banks! Most of the debt settlement companies are scammers! Check out this link for a CBS sad story: Bankruptcy is the only debt reorganization plan that has the force of law!
THE CREDIT COUNSELING/ DEBT ADJUSTMENT SCAMS Be very careful! Don't send a bunch of cash to a debt adjustment company! They CANNOT make creditors cut back your balance, and they won't give your money back if creditors don't agree. Few if any credit cards or lenders will just take less than their balance.
CREDIT CARD LAW WON'T STOP NIT-PICKING BANK FEES The basic story on credit cards is they are a means to making money, and that means the most important thing is making money!! Huge computers process millions of transactions. Don't think any person actually is in charge: it's all averaged, calculated, and set up to rake in the maximum return. This story discusses the reaction to limits on fees and interest charges going into effect in February 22nd: the banks haven't given up! They're just reaching into your pocket from a different direction!