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Expert Author Charles J. Phelan's Articles in Debt Relief

 
  • The Credit Card Debt Termination Scam
    Discusses the "debt termination" or "debt elimination" scam, where promoters claim that debt can be "erased" using obscure legal documentation. Explains the bogus theory behind a scam that has bilked millions from vulnerable consumers.
  • Why The Critics Are Wrong About Debt Settlement
    Explains why critics of debt settlement are wrong about this alternative to bankruptcy. Discusses the three main criticisms of debt settlement as well as the positives associated with this method of debt reduction.
  • Why Most Debt Relief Programs Have A 75% Failure Rate
    Discusses the major flaw with most debt relief programs, namely their total lack of flexibility. Examines why the the fixed payment structure of most debt programs doesn't reflect the real-world budgets of most struggling debtors.
  • When Debt Collectors Cross The Line - Bogus Threats & Illegal Collection Tactics
    Discusses common threats and tactics used by debt collectors in violation of the Fair Debt Collection Practices Act. Encourages consumers to take action against collection harassment by filing formal complaints with state Attorneys General or the Federal Trade Commission.
  • Debt Settlement, Debt Management, Debt Termination – What's the Right Choice?
    Describes important differences between the three major approaches for debt reduction. Explains why debt termination is a scam, why non-profit debt management services are not always the best choice, and why do-it-yourself debt settlement is a superior alternative to bankruptcy.
  • Debt Elimination Scams - A Growing Problem for Consumers
    Discusses the debt elimination scam that has spread on the Internet via network (multi-level) marketing schemes. Advises consumers how to easily spot this scam, which is often confused with legitimate debt reduction solutions.


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