Credit Card Debt
Relief
Feds Say No to Credit Card Debt
Relief
What's Good For The Goose Is Not Good For The
Gander?
The Feds analyzed the deal and afterwards said, “NO,” to
Credit Card Debt Relief
for debt laden consumers. Surely they could have come up with a
consumer oriented
debt solution. They did it for the banks. They are about to
do it for the auto industry, why not the consumer? In my
opinion, this stinks! Had the Fed taken the time to craft a
workable Credit Card Debt Relief plan, we could have averted a
high number of foreclosures and bankruptcies. As it is, the
current option taken by many consumers (usually those who are
misinformed) who feel they have nowhere to turn is bankruptcy.
There are other viable debt solutions…
We Say, You Don’t Need Credit Card Debt Relief, But
We Do!
You’re probably asking yourself the question, “Why did the Feds
altogether reject a consumer oriented Credit Card Debt Relief
plan or program?” Well my friends, the answer is simple. When
the banks desperately needed to be bailed out, they vehemently
pushed for a debt relief program, AND GOT IT!
They systematically and patiently presented to congress the
pluses and minuses and the pros of cons of this helping the
banks stay in business. Remember, this bailout program for the
banks IS NOT free! Taxpayers, like you and me are flipping the
bill.
However, when consumers are in the exact same jam (or worse)
as the banks and seek out a credit card debt relief plan, all
of the sudden the powers that be can’t see how bailing them out
is going to help our flailing economy.
Are you kidding me? According to the latest figures provided
by the Federal Reserve, Americans are suffocating and stressing
out under a $900 billion credit
card debt load. And our illustrious Federal bank regulators
have the audacity to look at that whooping figure, the
foreclosure and bankruptcy rate and the economy overall and
say, NO! What the heck were they thinking?
A Credit Card Debt Relief Plan Is Just What America
Needs
I’ll tell you what they were thinking… they
were thinking that a credit card debt relief program would be a
set back to the new bankruptcy laws, lobbyist for the banking
industry pushed to get enacted. The new laws force consumers to
literally jump through hoops in order to qualify to file
bankruptcy. By putting this type of pressure on the people,
many decide not to file bankruptcy. They end up having to deal
with cars being repossessed, homes foreclosed on, wages
garnished, etc. That’s what the banking industry wanted; to
take away as many consumer oriented options as possible.
Now the debt industry, which is a sister of the banking
industry, can come in and swoop down on consumers with rogue
debt collection tactics because they have very little
protection. It is a classic example type of social engineering.
A credit card debt relief plan would actually help and energize
our economy.
Remember, over the last five or so years, we have lost
countless jobs for various reasons. They were outsourced
overseas. The companies faltered because of high fuel prices.
Or, the people and/or companies fed off of the housing market
and when that tanked, millions of Americans were negatively
impacted. A good percentage of these hard working men and women
make up that $900 billion in credit card debt and I say that we
craft a debt relief plan to help them.
Joel Marks has been helping people get out
of debt and avoid both bankruptcy and foreclosure for over
fifteen years. Utilizing savvy debt counseling, debt management
programs, Federal laws and a team of attorneys, debt
counselors and advisors, he has quietly assisted thousands come
from under the heavy burden debt.
For more information on this topic or any other issue
related to getting out of debt, living debt free, debt
management, debt relief, the Fair
Debt Collection Practices Act and stopping debt collectors in
their tracks, please visit www.DebtErasure.com
Source: http://debterasure.com/
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