Consumers often seek out credit card debt relief counseling programs or national debt relief companies for assistance from debt repayment programs. Yet, fraudulent companies have caused a great deal of trouble in the lives of many who either pay upfront fees for these services or simply deal with a company who had no intention of aiding them when it came to erasing credit card debt.
However, changes in the practices of debt relief companies are set to stop the collection of upfront fees for debt relief services. While there are nonprofit organizations and even for-profit debt counseling companies which can help consumers erase their credit card debt or find affordable repayment programs, many companies who seek to take advantage of consumers in a difficult financial position often collect upfront fees and do little or nothing to help afterwards.
Changes in the collection proceedings of debt relief services are hoped to help consumers avoid being taken advantage of by fraudulent credit card debt relief counseling companies or organizations which do not provide proper debt relief assistance.
Consumers who may be contacted by debt relief companies or seek out assistance from these credit card debt relief agencies are also advised to heavily research the organization offering them debt repayment assistance. Credit card debt can be quite difficult for almost anyone, and typically requires working with a creditor before solutions can be found. While there are some companies who can assist consumers with credit card companies and debt relief, organizations that previously had charged upfront fees, had told consumers to stop making payments, or asked that payments be made directly to a debt relief organization had caused trouble for consumers in the past.
Again, changes in these collection rules should aid more cardholders when it comes to avoiding companies who wish to scam consumers and stop organizations that will not be helpful in finding debt relief solutions for the card debt.