Los Angeles, CA (Vocus) December 13, 2010
New government regulations are making debt resolution easier, safer and cost effective for the consumer than ever., according tot the Federal Trade Commission (FTC). As America fights the debt, America’s legal system is there to guide consumers every step of the way
As millions of Americans struggle with rising debt what is their option? Where do they turn for help?
Debt settlement has been in the limelight in the recent years and the limelight has been dim. The industry like many has some bad apples and sadly that reflects on everyone. The good news is the government has set in place new regulations that will make it easier and safer than ever to get out of debt.
Debt companies will now not be able to charge upfront fees under the new set of regulations. They will also need to give the consumer an idea of how long their debt will take to be reduced or completely resolved.
Debt resolution is essential in any economy to allow the flow of credit in the society we live in. The price of almost every commodity is rising along with inflation and America’s consumers are struggling to keep up. Despite the negative publicity aimed at the debt industry the success stories speak for themselves.
Dorothy Stockert a Montana resident engaged with the Bradshaw Law Firm who provide an attorney-based debt resolution program, supported by the legal automation of Morgan Drexen. Dorothy engaged with over $11,000 in debt, for Dorothy the debt was accrued on everyday items.
Dorothy admits, “I had too many credit cards and I got in a bind. My debt was resolved in less than 2 years. Creditors were calling I am so glad to be out of debt now. I signed up for a two -year debt resolution program. I completed earl. I feel so much better, I know don’t have to worry about making all those credit card payments.”
For Elizabeth Wieser it was a similar story, she also engaged with the Bradshaw Law firm to settle her debts. Elizabeth was struggling with over $20,00 in debt.
“I was laid off twice in one year, I had six credit cards and the interest rates were rising. We used the attorney a great deal in the beginning, they were helpful there was never an issue,” says Elizabeth. It makes me feel good to be out of debt. And I think it has taught me a lesson not to get myself in that situation again.. A situation where I wasn’t able to handle my finances alone.”
Blaine Bradshaw an attorney with Bradshaw Law Firm agrees that sensible regulation can help the consumer. “Regardless of any regulations, however,
professional legal assistance to my clients, the consumer, has always
been my number one priority and this will always be the case,” says Blaine
The new government regulations will make debt resolution services safer for the consumer.
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