Credit Card Relief Programs Are Now Safer Thanks To The FTC

July 7, 2012 - PRLog -- In other words, lead companies are putting these ads online and consumers are swarming to the sites because of how appealing they sound.  There are credit card relief programs that are safe and legitimate and this article will outline important must know facts.

This article warns consumers of the common credit card debt relief scams to stay away from in the United States.  There are good and bad credit card relief programs and this article will point consumers into the right direction.   The information in this article has been provided by the authors at the site "No More Credit Cards" where information has been collected from only non profit debt management companies and debt settlement BBB A Rated companies.  

The legitimate credit card relief programs in the United States include debt settlement, debt management plans and bankruptcy.   Some companies claim that because of loopholes in the law, they can completely eliminate a person’s credit card debt where the person pays nothing besides a fee.  If consumers come in contact with these types of companies or ads, stay away.

Also as mentioned above if consumers come across ads that state “Obama Credit Card Relief” or “Government Credit Card Relief Programs”, an immediate red light should go up for the consumer to see.  Consumers need to stay away from credit card relief programs or ads that sound too good to be true.  

The truth that consumers need to know is that if looking into debt settlement; make sure that a company has been in business for 5 or more years.  If a company has a 5 year or greater track record, an A Rating with the BBB, 0 unresolved customer complaints and if all attorneys working for the firm are highly rated with their state bar, then that company is a safe company to obtain debt settlement help from.

Credit Card relief through debt settlement can be the best credit card relief program for most consumers.   Consumers can pay off their debt like they ethically should, at a smaller payment than what they would be paying on their own. Consumers can also rebuild their credit score in the future when the debt settlement credit card relief program is over.  http://nomorecreditcards.com/debt-settlement/

Debt management programs are less affordable, last longer and put a 3rd party notation on a person’s credit report.  The good news is that with debt consolidation or debt management as a credit card relief program, it’s a credit card relief program that allows a person to pay off their debt without having to deal with creditor harassing phone calls.  http://nomorecreditcards.com

Bankruptcy is the worst option.  It will create the longest negativity on a person’s credit; it can be embarrassing and also considered to be public information where future employers will know about it and any type of credit issuer will see that a consumer has bankruptcy on their credit.  If a person is financially sick, they need to get better and not put a bandage on their financial wound, like what bankruptcy does to a person.  

Consumers can learn for free from Golden Financial Services, a highly rated BBB company, about all credit card relief programs available in the US at:  http://nomorecreditcards.com/credit-card-relief-programs/