Where can I find information about the Credit Card Debt Relief part of the US Stimulus Package?
Wednesday, December 16th, 2009 at
4:48 pm
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The new laws that take effect next year are limited. The bank can’t do 2-cycle billing, can’t raise your interest rate as quickly (which is why they are all raising the rates *now*), can’t do universal default, etal.
If you are hoping for Debt relief in the form of cold hard cash, dream on. Nothing is going to magically erase your balance due.
Everything yo uwill find on the web is HYPE. Each debt settlement company will offer, for a fee, to ruin your credit by asking each creditor to accept less than is owed. This is not a stimulus. This is a ripoff.