Obama Debt Relief Programs – They Aren’t Real! – Tips To Find Legitimate Debt Help – Part 2

Nowadays, there are many rumors around the web that United States President Barack Obama is offering some kind of Obama debt relief program. It is also said that he has deposited millions of dollars in credit card companies’ accounts so that they can provide leverage to their customers and eliminate their debts up to 60% or more. In fact, all these statements are bogus and scam. There are now such packages offered by Barack Obama. Instead, Barack Obama’s government is supporting many debt relief programs. The Government of the United States has devised new laws regarding credit card debt issues with the help of the Federal Trade Commission.

Although this settlement process is totally legal and authentic but Obama debt relief programs are not real. They are just incorrect statements of the illegal settlements agents. They used these statements to entice innocent people. A person can get detailed information about these laws on the official website of FTC. Instead of wasting time and money, people should search for legitimate and legal advisors. There are many impostor agents who are providing fraudulent services. These people should be avoided at any cost. The Government has banned these settlement companies from charging advance upfront fees. So if a company asks for any fees in advance then it might be illegal. First of all, a person can search online for legitimate help. Official websites of Better Business Bureau and The Association of Settlement Companies are best authentic source of information about legality of companies.

If an agent or a websites describes anything about Obama debt relief programs then he is telling a lie. These things are so common that many people become victim of these statements. Once a person fells a prey to these agents then his money will be no longer in safe hands. They will get access to the bank accounts for the settlement process but they will withdraw money for their own use. People don’t take any notice of these things unless and until that shady company has destructed their account as a whole. Many people files complaints against these companies. So before hiring any company or agent, investigate about their services from their previous customers.