Why You Need a Credit Counseling Agency, and Where to Find Them

Before congress overhauled the Federal Bankruptcy Code in 2005, banks and credit card companies spent millions in lobbying efforts in an attempt to make bankruptcy the “option of last resort” rather than a convenient way for consumers to wipe out credit card debt, which seemed impossible to pay. Legislators on both sides of the isle were convinced that if the losses incurred by the credit industry were reduced by a reduced number of bankruptcies, that consumers will ultimately see lower credit card rates. Read More Here…