| August 31, 2009

Credit card debt negotiations may be tougher

With new credit laws in effect, some consumers may find that trying to negotiate with card companies about their debt problems has become a little stickier.

In a recent column from MarketWatch, Chuck Jaffe noted that stories of consumers being hit with new rates or minimum payments on their credit card debt have become more commonplace. As card companies try to deal with more uncertain economic times and new federal regulations, consumers may be the ones who are affected.

Given that, Jaffe said some consumers may want to know what they can do when dealing with the new operating procedures of credit card companies. As it turns out, there might not be a whole lot consumers can do.

“Arguing with a card issuer over the way they have treated you – or mistreated you, more likely – is like fighting City Hall or working with a nasty boss: resistance feels futile,” Jaffe noted.

There was a time when cardholders could try and traverse the corporate chain of command in order to get what they want, but times have changed. Though card companies may work with consumers to give them what they want, creditors may ask for something in return, such as increasing interest rates.

Under the terms of the new Credit Card Accountability, Responsibility and Disclosure Act, credit card companies will have to give cardholders 45 days notice when making changes to their account’s fees or rates. Consumers have the right to opt out, but will have to freeze their accounts in order to do so.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
Click here to learn more.

Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

You can save!

With this amount of debt, you'd pay around $xx.xx on a DMP.

FREE Debt Consultation
VE Interactive