Government help for credit card debt, credit card bailout program, credit card stimulus

May 10, 2012 - PRLog -- This Article was published so that consumers can read a warning that needs to go out.  People need to be educated on what is real and what is not real.   There are too many misleading ads online that pull consumers in, but do not provide consumers with legitimate debt relief help.  http://www.goldenfs.org/debt-relief/

Bankruptcy may be the closest thing to government help for credit card debt.  Aside from bankruptcy, consumers need to be warned that if they come across ads that have content including any of the following:  “Government help for credit card debt, credit card bailout program, government grant for credit card debt.”, these sites are most likely scams or illegal marketing.    It most likely is a scam if it sounds too good to be true, and you need to stay FAR AWAY from it.  Consumers need to get smarter TODAY! “If it Looks Like a Duck, Walks Like A Duck, Sounds Like a Duck….  Learn about how to legally reduce credit card debt and stay away from false ads.  http://nomorecreditcards.com/reduce-debt-high-credit-cards/


Stay away from ads such as “It is now perfectly legal to Erase Credit Debt according to the new stimulus package if you have over $10,000 in debt.” This ad is referring to some type of government sponsored way of erasing credit card debt that doesn’t exist.  

There are too many scam companies out there that are not following the FTC Rules that protect consumers with credit card debt.   The FTC Rule “covers calls consumers make to these firms in response to debt relief advertising.”  
Are there legitimate debt relief options are out there?  How do you know if it’s legitimate or a scam?  When looking to find out if a debt relief company is reputable there are places to look, and places you should NOT look. A good source for looking up complaints on a company is the Better Business Bureau website, especially when it comes to the debt relief industry. The BBB will fairly list any complaints, but they will also state if a complaint was resolved or is unresolved. It’s not necessarily the BBB Accreditation Membership that determines if a company is reputable or not. The BBB Accreditation is simply a membership that you purchase if you qualify for it. If you visit www.bbb.org you will be able to research a company’s complaints, if they were unresolved, what was the nature of the complaint, how many years the company has been in business, what is their rating (A-F), etc….   The Better Business Bureau will list all complaints, if they were resolved, unresolved and more. Therefore the BBB is a good place to look for reputable Debt Settlement Companies and also getting to see any real complaints on a company.  If a debt settlement company has been in business for less than 5 years that should be a red flag.  A company that has been in business for less than 3 years will most likely not have the experience, track record or leverage necessary to provide consumers will reliable debt relief.

Can $100,000.000 of credit card debt be negotiated down to $20,000.000?   Can $5,000.000 of debt with a Bank of America credit card, be settled at $1,200.00 and still be reported “settled in full”?  Can $97,000.00 in tax debt with the IRS get reduced on a tax resolution program down to $20,000.00? There have been many cases documented at Golden Financial Services where settlements like this do occur.  However, there is never a guarantee.  That is why it is important to first speak with an experienced debt settlement professional for free advice before enrolling into any program.    That way, when you are enrolled into a program, it’s the best program for you and is tailored for your situation.

Golden Financial Services (GFS) currently has an A Rating with the Better Business Bureau out of San Diego California.  GFS is a BBB debt settlement "A"+ rated company. http://www.goldenfs.org/about-us/debt-settlement-bbb/

Golden Financial Services will provide you with free information determining what debt relief option is best for you.   There is no charge when calling Golden Financial Services.   If you are contacted by an office saying they are with Golden Financial Services, to affirm they are an approved office simply call into the Golden Financial Services Headquarters in San Diego California at 866-376-9846 for verification.