This is generating more complaints over the last few years by consumers, that the complaints of fraudulent activity are being very slowly followed up. There are rights, in terms of having the company suspend any activities following a report of fraudulent activity on ones account. The credit reporting companies have to respond to a complaint of such on your account within 60 days of your written statement. Robert - What do you think about home equity loans for credit card debt consolidation. If you're going to pay off your consumer debt with a home equity loan is that you address the issue of why you got into so much debt.
Many people find themselves in the same problems with their credit cards a few years later.
If you take that loan, put those credit cards in a glass of water and in the freezer and thaw only in an emergency. Let's look at the big picture for the closing question. That s the key. Short term problem is the Federal Reserve is now facing constraints on how low it can reduce the interest rate because the economy is so debt dependent that foreign investors are now threatening to take their money and invest in other countries. At the same time approximately 3 out of 5 American households are debt dependent with their credit cards.