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Credit Card Debt Relief Act 2010 – How New FTC Laws Make Debt Settlement A Legitimate Option


Credit card debt relief has a huge demand amongst a debt ridden American public. Never before has there been so many people struggling with out of control credit card debt. As a result, several debt relief options have been introduced to the market including debt consolidation, debt settlement, and credit counseling. Debt settlement in particular has gotten a very bad rap over the last 5 years but new laws passed on July 28th 2010 have made the process much more legitimate and far less risky than before.

New credit card debt relief laws were recently passed by the Federal Trade Commission which bans the practice of debt relief companies collecting upfront fees. These laws mainly target debt settlement companies and prohibit them from collecting fees until they are able to successfully settle the debts for an agreeable amount. This legislation will provide significant protection for consumers who enter into a debt relief program and has made the process much more legitimate.

The Credit Card Debt Relief Act of 2010 will force all debt relief companies to live up to their promises and negotiate successful settlement deals. The days of collecting large upfront fees with no performance guarantee are over. The risk has been taken away from the consumer and placed on the debt settlement companies.

This new legislation is expected to put all the shady debt relief services out of business. Only those services that have legitimately been settling consumers’ debts will be able to survive. Sites like can help consumers find legitimate and certified debt relief services.

The debt settlement process does work when done in the correct way and with the right company. The legitimate debt settlement companies will have enough confidence to collect their fees on the back end when they successfully settle the debts.

Debt settlement negotiation is an aggressive debt relief tactic and does not make sense for everyone in debt. Consumers must be experiencing a legitimate financial hardship and have at least $10,000 in unsecured to qualify for most debt settlement negotiation programs.

Even though these new credit card debt relief laws are expected to push out all the shady debt relief services it is still wise to visit a free debt relief network such as They will ensure that consumers are paired with a legitimate debt relief service that is certified in debt negotiation. This is really the best way to ensure that you are dealing with a genuine company that can realistically get you out of debt.

Check out the following link to speak with a debt relief specialist that will go over all of your debt relief options for free:

Or Call: 877-853-6466



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