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	<title>My Personal Finance Blog &#187; Consumer protection</title>
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		<title>Consumer Protection In India</title>
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		<pubDate>Sat, 25 Jun 2011 05:54:47 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Absence]]></category>
		<category><![CDATA[Businessmen]]></category>
		<category><![CDATA[Consumer Interests]]></category>
		<category><![CDATA[Consumers]]></category>
		<category><![CDATA[Due Consideration]]></category>
		<category><![CDATA[Economic System]]></category>
		<category><![CDATA[Favour]]></category>
		<category><![CDATA[Freedom Of Choice]]></category>
		<category><![CDATA[Illiteracy]]></category>
		<category><![CDATA[India Introduction]]></category>
		<category><![CDATA[Interruption]]></category>
		<category><![CDATA[Mahatma Gandhi]]></category>
		<category><![CDATA[Measures]]></category>
		<category><![CDATA[Misleading Advertisements]]></category>
		<category><![CDATA[Premises]]></category>
		<category><![CDATA[Profits]]></category>
		<category><![CDATA[Purity]]></category>
		<category><![CDATA[Rights Of A Consumer]]></category>
		<category><![CDATA[Unfair Trade Practice]]></category>

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		<description><![CDATA[IntroductionConsumers play a vital role in the economic system of a nation because in the absence of effective demand that emanates from them, the economy virtually collapses. Mahatma Gandhi said, &#8220;A consumer is the most important visitor on our premises. He is not dependent on us, we are on him. He is not an interruption [...]]]></description>
			<content:encoded><![CDATA[<p><br/><br/>Introduction<br/><br/>Consumers play a vital role in the economic system of a nation because in the absence of effective demand that emanates from them, the economy virtually collapses. Mahatma Gandhi said, &#8220;A consumer is the most important visitor on our premises. He is not dependent on us, we are on him. He is not an interruption to our work, he is the purpose of it. We are not doing a favour to a consumer by giving him an opportunity. He is doing us a favour by giving us opportunity to serve him. But, of late, unfortunately cheating by way of overcharging, black marketing, misleading advertisements, etc has become the common practice of greedy sellers and manufacturers to make unreasonable profits. In this context, it is the duty of the government to confer some rights on consumers to safeguard their interests.<br/><br/>CONSUMER RIGHTS<br/><br/>1.	Right to Safety: The right to be protected against goods which are hazardous to life and property.<br/><br/>2.	Right to Information: The right to be informed about the quality, quantity, purity, price and standards of goods.<br/><br/>3.	Right to Choose: The right to be assured access to a variety of products at competitive prices, without any pressure to impose a sale, i.e., freedom of choice.<br/><br/>4.	Right to be Heard: The right to be heard and assured that consumer interests will receive due consideration at appropriate forums.<br/><br/>5.	Right to Seek Redressal: The right to get relief against unfair trade practice or exploitation.<br/><br/>6.	Right to Education: The right to be educated about rights of a consumer.<br/><br/>Protection of Consumer Rights<br/><br/>Consumer protection means safeguarding the rights and interests of consumers. It includes all the measures aimed at protecting the rights and interests of consumers. <br />Consumers need protection due to the following reasons:<br/><br/>1.	Illiteracy and Ignorance: Consumers in India are mostly illiterate and ignorant. They do not understand their rights. A system is required to protect them from unscrupulous businessmen.<br/><br/>2.	Unorganised Consumers: In India consumers are widely dispersed and are not united. They are at the mercy of businessmen. On the other hand, producers and traders are organized and powerful.<br/><br/>3.	Spurious Goods: There is increasing supply of duplicate products. It is very difficult for an ordinary consumer to distinguish between a genuine product and its imitation. It is necessary to protect consumers from such exploitation by ensuring compliance with prescribed norms of quality and safety.<br/><br/>4.	Deceptive Advertising: Some businessmen give misleading information about quality, safety and utility of products. Consumers are misled by false advertisement and do not know the real quality of advertised goods. A mechanism is needed to prevent misleading advertisements.<br/><br/>5.	Malpractices of Businessmen: Fraudulent, unethical and monopolistic trade practices on the part of businessmen lead to exploitation of consumers. Consumers often get defective, inferior and substandard goods and poor service. Certain measures are required to protect the consumers against such malpractices.<br/><br/>6.	Freedom of Enterprise: Businessmen must ensure satisfaction of consumers. In the long run, survival and growth of business is not possible without the support and goodwill of consumers. If business does not protect consumers&#8217; interests, Government intervention and regulatory measures will grow to curb unfair trade practices.<br/><br/>7.	Legitimacy for Existence: Business exists to satisfy the needs and desires of consumers. Goods are produced with the purpose of selling them. Goods will, in the long run, sell only when they meet the needs of consumers.<br/><br/>8.	Trusteeship: Businessmen are trustees of the society&#8217;s wealth. Therefore, they should use this wealth for the benefit of people.<br/><br/>Methods of Consumer Protection<br/><br/>There are four main methods of protecting the interests of consumers:<br/><br/>1.	Business Self-regulation: The business community itself can help in achieving consumer protection and satisfaction through self -discipline. Businessmen can regulate their own behaviour and actions by adopting higher ethical standards. Trade associations and chambers of commerce can check unfair trade practices used by some businessmen.<br/><br/>2.	Consumer Self-help: Every consumer must be alert as self-help is the best help. He should educate himself and know his rights. He should not allow unscrupulous businessmen to cheat him.<br/><br/>3.	Consumers&#8217; Associations: Consumers should form voluntary associations. These associations can educate and awaken consumers. They can take organized action and put pressure on businessmen to adopt fair trade practices.<br/><br/>4.	Government Regulations: The State can ensure consumer protection through legislative, executive and judicial actions. The laws enacted by the Government must be strictly enforced by the executive. Government of India has enacted several laws to protect the interests and rights of consumers. Some of these laws are as follows:<br/><br/>o	The Essential Commodities Act, 1955 which aims to regulate and control the production, supply and distribution and prices of essential commodities.<br/><br/>o	The Prevention of Food Adulteration Act, 1954 which aims to check adulteration in food items and eatables.<br/><br/>o	The Drugs and Cosmetics Act, 1940 which seeks to ensure purity and quality in drugs and cosmetics.<br/><br/>o	The Standards of Weights and Measures Act, 1956 which aims at ensuring that consumers get the right weight and measurement in products.<br/><br/>o	The Household Electrical Appliances (Quality Control) Order, 1976 which seeks to ensure safety and quality in the manufacture of electrical appliances.<br/><br/>o	The Consumer Protection Act, 1986 which seeks to provide speedy and inexpensive redressal to the grievances of consumers.<br/><br/>THE CONSUMER PROTECTION ACT, 1986<br/><br/>The Act provides following remedies to an aggrieved consumer:<br/><br/>o	Removal of defects in goods or deficiency in service.<br/><br/>o	Replacement of defective goods with new goods of similar description which shall be free from any defect.<br/><br/>o	Return of price paid by the consumer.<br/><br/>o	Payment of compensation for any loss or injury suffered by the consumer.<br/><br/>o	Discontinue the restrictive, or unfair trade practice, and not to repeat it.<br/><br/>o	Withdraw the hazardous goods from being offered for sale and not to offer them for sale.<br/><br/>o	Provide for adequate cost to the aggrieved party.<br/><br/>The Consumer Production Act provides for a threetier system of redressal agencies: one at district level known as District Forum, second at state level known as &#8216;State Commission&#8217;, and third at national level known as &#8216;National Commission&#8217;. A complaint is to be made to the district forum of the concerned district where the value of goods and services and compensation, if any, is up to Rs 20 lakhs, to the &#8216;State Commission&#8217; between Rs 20 lakhs and Rs 100 lakhs, and to the National Commission for more than Rs 100 lakhs. Interestingly, there is provision for appeals against the orders of a particular redessal forum by the aggrieved party before the next higher echelon and even from the findings of the National Commission before the Supreme Court.<br/><br/>Conclusion<br/><br/>Invariably, consumers are a vulnerable lot for exploitation, more so in a developing country with the prevalence of mass poverty and illiteracy. India too is no exception to it. Instances like overcharging, black marketing, adulteration, profiteering, lack of proper services in trains, telecommunication, water supply, airlines, etc are not uncommon here. From time to time, the government has attempted to safeguard consumer&#8217;s interests through legislations and the CPA 1986 is considered as the most progressive statute for consumer protection. Procedural simplicity and speedy and inexpensive redressal of consumer grievances as contained in the CPA are really unique and have few parallels in the world. Implementation of the Act reveals that interests of consumers are better protected than ever before. However, consumer awareness through consumer education and actions by the government, consumer activists, and associations are needed the most to make consumer protection movement a success in the country.</p>
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		<title>FTC Compliant Debt Settlement: Guaranteeing Consumer Protection Against Abusive Companies</title>
		<link>http://www.diasmuertos.com/ftc-compliant-debt-settlement-guaranteeing-consumer-protection-against-abusive-companies</link>
		<comments>http://www.diasmuertos.com/ftc-compliant-debt-settlement-guaranteeing-consumer-protection-against-abusive-companies#comments</comments>
		<pubDate>Wed, 22 Jun 2011 13:34:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Better Business Bureau]]></category>
		<category><![CDATA[Consumer Debt]]></category>
		<category><![CDATA[Crackdown]]></category>
		<category><![CDATA[Credit Card Debt]]></category>
		<category><![CDATA[Debt Relief Services]]></category>
		<category><![CDATA[Debt Settlement]]></category>
		<category><![CDATA[Debtors]]></category>
		<category><![CDATA[Disclosure Requirement]]></category>
		<category><![CDATA[Economic Downturn]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[Ftc]]></category>
		<category><![CDATA[Legitimate Services]]></category>
		<category><![CDATA[Many Men]]></category>
		<category><![CDATA[Necessary Support]]></category>
		<category><![CDATA[Reputable Providers]]></category>
		<category><![CDATA[Services Provider]]></category>
		<category><![CDATA[Settlement Companies]]></category>
		<category><![CDATA[Trillion]]></category>
		<category><![CDATA[Unsecured Debt]]></category>

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		<description><![CDATA[FTC certified debt settlement businesses are the only truly impartial voice for the consumer whenever working with mind-boggling amounts of consumer debt and we are happy that the Federal trade commission identified that debt settlement just isn&#8217;t the right alternative however a necessary support when shipped by a legitimate services provider.Today, Us citizens owe around [...]]]></description>
			<content:encoded><![CDATA[<p><br/><br/>FTC certified debt settlement businesses are the only truly impartial voice for the consumer whenever working with mind-boggling amounts of consumer debt and we are happy that the Federal trade commission identified that debt settlement just isn&#8217;t the right alternative however a necessary support when shipped by a legitimate services provider.<br/><br/>Today, Us citizens owe around $2.5 trillion in consumer debt- not necessarily including mortgages. The typical American with a credit record retains more than $10,000 in credit card debt. Debt settlement is a much needed and effective form of debt relief which allows suppliers to discuss straight with lenders on the holder&#8217;s part to resolve the holder&#8217;s unsecured debt balances. Sadly, it has been difficult for customers to pick reputable providers and some businesses took advantage of these individuals that placed many men and women in a worse position than they were previous to coming into the course.<br/><br/>The Federal trade commission mentioned that the brand new restrictions is a crackdown on the debt-settlement sector, that flourished in the course of the monetary downturn as debtors fought to pay out expenses. Debt-settlement businesses can now simply be in a position to demand a payment as soon as a customer&#8217;s debt has been reduced, settled or renegotiated. Since the beginning of the economic downturn, the Better Business Bureau has received more than 3,500 problems regarding said companies. Consumers complained that they appeared much deeper in debt or were charged by collectors after faltering to make payments. The bureau didn&#8217;t individually observe issues against the industry ahead of the economic downturn.<br/><br/>The Association of Settlement Companies (&#8220;TASC&#8221;) announced today that its Board of Directors has elected to help support the current debt relief services rule making by the Federal Trade Commission (&#8220;FTC&#8221;). As well as mandating better disclosure requirements modeled on existing and suggested TASC standards, the FTC rule making forbids these types of businesses from accepting fees from a buyer for debt settlement solutions just before the real negotiation of the customer&#8217;s debt. Debt-settlement companies frequently impose an upfront charge, usually a portion of the customer&#8217;s outstanding balance. In exchange, the company claims to negotiate with lenders to reduce or eliminate the debt, at times by just as much as half.<br/><br/>FTC compliant debt settlement is thought to be as the most suitable and the best method by the folks which are within large debts. This legislation will keep a strict look on the pay out companies that were well known in extracting big amount of money from the customers without in fact removing the debt. This sort of companies getting large upfront fees can now be under regulation and also if these people do not stick to the principles, they can be trashed of the corporation saying the non-compliance to the obligations laid down by the new legislation. Said organizations which walk outside the principles can be at the mercy of a $16,000 fine per violation. The Federal Trade Commission&#8217;s protocols only pertain to for-profit organizations. The agency informed that it will go after companies that pose as non-profits.</p>
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		<title>Consumer Protection Law</title>
		<link>http://www.diasmuertos.com/consumer-protection-law</link>
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		<pubDate>Sat, 18 Jun 2011 13:05:05 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Cheap Quality]]></category>
		<category><![CDATA[Consumer Lawyer]]></category>
		<category><![CDATA[Consumer Protection Law]]></category>
		<category><![CDATA[Credit Card Scams]]></category>
		<category><![CDATA[Emotional Stress]]></category>
		<category><![CDATA[False Advertising]]></category>
		<category><![CDATA[Faulty Goods]]></category>
		<category><![CDATA[Fraud]]></category>
		<category><![CDATA[Fraudulent Trading]]></category>
		<category><![CDATA[Identity Theft]]></category>
		<category><![CDATA[Legal Case]]></category>
		<category><![CDATA[Manufacturer Distributor]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Negligence]]></category>
		<category><![CDATA[Opponent]]></category>
		<category><![CDATA[Pyramid Schemes]]></category>
		<category><![CDATA[Quality Products]]></category>
		<category><![CDATA[Rights Of The Consumers]]></category>
		<category><![CDATA[Safeguards]]></category>
		<category><![CDATA[Subcontractor]]></category>

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		<description><![CDATA[Consumer is king. Gone are the days when businesses used to ripe off customers by providing cheap quality products and services against a good deal of money. If you are a victim of such act you can take legal action against the company. Many consumers each year suffer financial and emotional stress due to the [...]]]></description>
			<content:encoded><![CDATA[<p><br/><br/>Consumer is king. Gone are the days when businesses used to ripe off customers by providing cheap quality products and services against a good deal of money. If you are a victim of such act you can take legal action against the company. Many consumers each year suffer financial and emotional stress due to the deceptive actions of business. You can also hold a company responsible if their product or service has injured you in any way. There is nothing to feel helpless about because the consumer law is there to protect you. If you have been cheated and you think that you can not fight back you are absolutely wrong.<br/><br/>For an individual it seems that he or she is definitely going to loose the battle against a corporate body. Wining a legal case against such a powerful opponent may seem a wired idea. But it is possible because of consumer protection law. An experienced consumer protection lawyer can help you to fight for your right. If you have experienced any kind of loss or damage from a product because of the negligence of the manufacturer, distributor or retailer your lawyer will help you to get compensation for your loss. The lawyer has the knowledge and experience needed to handle your case. He will also know how the law applies to your case.<br/><br/>Consumers are more at risk these days with the ever increasing trading opportunities by various media including Internet. It is easier for consumers to fall victim of fraudulent trading, false advertising, credit card scams and many more. If you feel hopeless about the entire situation it is probably because you are not aware of your rights. Consumer protection law safeguards the rights of the consumers and ensures that they get the compensation for fraud or negligence. Some of the areas that consumer protection law covers include: <br /> Purchase protection problem   Identity theft   Travel and hotel scams   Faulty goods   Pyramid schemes   Contractor &#038; subcontractor disputes   Credit and banking difficulties Fraud or negligence on the part of the product or service provider can cause frustration for the consumers as they need to invest a lot of time and energy to hold the responsible party accountable. Filing your claim can be expensive initially. But this little expense will ensure that you get the compensation for your loss.<br/><br/>The fees of the lawyer may also sound high. In such case you can contact lawyers who promise to charge only if they win the case. You will have to offer a certain percentage of the compensation to the consumer protection lawyer if you win the case. Moreover handling the huge paper works and the intricate legal issues is not your cup of tea. So hiring an experienced lawyer will be a wise decision in every respect.</p>
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		<title>The 2005 Bankruptcy Abuse and Consumer Protection Act &#8211; Credit Counselling</title>
		<link>http://www.diasmuertos.com/the-2005-bankruptcy-abuse-and-consumer-protection-act-credit-counselling</link>
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		<pubDate>Mon, 13 Jun 2011 22:02:00 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Bankruptcy Abuse Prevention]]></category>
		<category><![CDATA[Bankruptcy Abuse Prevention And Consumer Protection Act]]></category>
		<category><![CDATA[Bankruptcy Bankruptcy]]></category>
		<category><![CDATA[Bankruptcy Laws]]></category>
		<category><![CDATA[Chapter 13 Bankruptcy]]></category>
		<category><![CDATA[Chapter 7 Bankruptcy]]></category>
		<category><![CDATA[Consumer Protection Act]]></category>
		<category><![CDATA[Creditors]]></category>
		<category><![CDATA[Crunch]]></category>
		<category><![CDATA[Debtor]]></category>
		<category><![CDATA[File Bankruptcy]]></category>
		<category><![CDATA[Financial Situation]]></category>
		<category><![CDATA[Good Times]]></category>
		<category><![CDATA[Guts]]></category>
		<category><![CDATA[Head Start]]></category>
		<category><![CDATA[Outgoings]]></category>
		<category><![CDATA[Rearrangement]]></category>
		<category><![CDATA[Social Pressures]]></category>
		<category><![CDATA[Social Stigma]]></category>
		<category><![CDATA[Upheavals]]></category>

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		<description><![CDATA[Very few people have been left untouched by the financial upheavals of recent years. In the good times we tend to spend and not think about it too much. The social pressures to look as though you are &#8220;succeeding&#8221; are such that when the crunch comes, we find what were manageable debts have now become [...]]]></description>
			<content:encoded><![CDATA[<p><br/><br/>Very few people have been left untouched by the financial upheavals of recent years. In the good times we tend to spend and not think about it too much. The social pressures to look as though you are &#8220;succeeding&#8221; are such that when the crunch comes, we find what were manageable debts have now become unmanageable.<br/><br/>People find themselves in a financial situation they never thought that they would be in &#8211; one that happens to other people, but never to them. That situation is called bankruptcy.<br/><br/>Bankruptcy no longer carries the social stigma it once did. It is often considered the mark of someone who had the guts to try and go it alone, but failed, through little of their own, (after all, it&#8217;s the banks we now all love to blame!)<br/><br/>However, this doesn&#8217;t make the actual process any less stressful, and in 2005 the government brought in the Bankruptcy Abuse Prevention and Consumer Protection Act, which made it even more stressful to claim bankruptcy.<br/><br/>One of the main purposes of the Act was to make sure individuals weren&#8217;t using the bankruptcy laws simply to avoid debt. By hiding their true earnings and assets, it had been possible for people to claim chapter 7 bankruptcy, where all assets are liquidated but the debtor emerges free of debt, to rid themselves of unwanted debt, and at the same time retain a comfortable standard of living afterward, and with a head start in improving their credit rating after discharge.<br/><br/>Now, anyone wanting to file for bankruptcy has to attend government approved credit counselling.<br/><br/>Anyone attending counselling must bring with them details of their income and assets, and their financial outgoings. They must also supply details of their creditors and amounts owed. This way the court can decide if the more popular chapter 7 bankruptcy is an option, or if in fact the debtor, albeit with a rearrangement of their debts under a chapter 13 bankruptcy, can afford to repay their debts over a period of time, usually 3-5 years. In this way the debtor does not escape the bulk of debt, and creditors get their money.<br/><br/>It will also determine if there are perhaps other ways the debtor could avoid bankruptcy altogether.<br/><br/>One way is by using debt settlement companies, who charge a fee to the debtor, but take over the debt, usually at a reduced amount which they negotiate on your behalf.<br/><br/>The advantage with these companies is that your credit record is nowhere near as badly affected as it is should you become a bankrupt.<br/><br/>However, care must be taken when using one of these companies as many have turned out to be scams, taking the debtor&#8217;s cash, but not dealing with the debt itself, leaving the debtor worse off.<br/><br/>As with all things in life, it is research that pays dividends.</p>
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		<title>Consumer Protection With Business Credit Cards</title>
		<link>http://www.diasmuertos.com/consumer-protection-with-business-credit-cards</link>
		<comments>http://www.diasmuertos.com/consumer-protection-with-business-credit-cards#comments</comments>
		<pubDate>Sat, 11 Jun 2011 10:26:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Business Credit Card]]></category>
		<category><![CDATA[Business Credit Cards]]></category>
		<category><![CDATA[Business Customers]]></category>
		<category><![CDATA[Business Lines]]></category>
		<category><![CDATA[Charge Consumers]]></category>
		<category><![CDATA[Commercial Accounts]]></category>
		<category><![CDATA[Credit Accounts]]></category>
		<category><![CDATA[Disclosure Act]]></category>
		<category><![CDATA[Marketing Departments]]></category>
		<category><![CDATA[New Legislation]]></category>
		<category><![CDATA[Own A Business]]></category>
		<category><![CDATA[Personal Credit]]></category>
		<category><![CDATA[Rate Hikes]]></category>
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		<category><![CDATA[Senator Charles Shumer]]></category>
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		<description><![CDATA[Before you sign up for a business credit card, you need to understand the risks of getting one, because they may not offer the same protection to consumers as personal credit accounts, and you may find that your getting more than you bargained for. It&#8217;s a smart idea to consider carefully whether your business truly [...]]]></description>
			<content:encoded><![CDATA[<p><br/><br/>Before you sign up for a business credit card, you need to understand the risks of getting one, because they may not offer the same protection to consumers as personal credit accounts, and you may find that your getting more than you bargained for. It&#8217;s a smart idea to consider carefully whether your business truly needs a corporate credit account, and if it does, whether or not the risks of going without consumer protection outweigh the benefits of having a business credit card available to you.<br/><br/>What exactly is consumer protection? Consumer protection refers to the protection that customers get by law. In 2009, legislation was passed that was known as the Credit Card Accountability, Responsibility and Disclosure Act, or CARD. This law is in place to protect customers from rate increases on existing payments or to protect them from rate hikes when they miss a single payment. Also, consumer protection provides guidelines that keep consumers from having their payments applied to the balance with the lowest rate, before the higher ones, in order for the card companies to make more money.<br/><br/>However, business credit accounts do not fall under the protection of the CARD Act, which makes them risky for business customers, especially with the thousands or tens of thousands that many small businesses spend each month with their commercial accounts. Business lines of credit should only be used by businesses that need them, and by those that understand how they work completely. They should never be used by regular consumers, with or without a side business, but some companies attempt to market these cards to regular consumers in order to avoid the CARD Act.<br/><br/>In fact, New York Senator Charles Shumer recently was at odds with marketing departments of some issuers for this very act, saying that the cards were being marketed to those that didn&#8217;t even own a business or were retired. This allows companies to avoid following the new legislation and charge consumers more money. Schumer is working with the Federal Reserve Board to make sure that credit card companies list clearly on business applications that the cards are not meant for personal use. Business credit card offers through the mail are up more than 250% from the previous year&#8217;s quarter however.<br/><br/>Current consumer protection on personal accounts include CARD and other legislation aimed at protecting consumers from unfair practices by unscrupulous companies. This type of protection dates all the way back to as early as 1968, with the Consumer Credit Protection Act. However, many business credit cards are exempt from these regulations and you must examine your card&#8217;s contract carefully to determine what protection, if any, if offered by your commercial credit card and make sure that you are very responsible when using your business credit card. Never put personal credit on your business credit line so that you have a clear record for tax time.</p>
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		<title>Consumers Need Protection From Products That Contain Lead</title>
		<link>http://www.diasmuertos.com/consumers-need-protection-from-products-that-contain-lead</link>
		<comments>http://www.diasmuertos.com/consumers-need-protection-from-products-that-contain-lead#comments</comments>
		<pubDate>Sun, 05 Jun 2011 05:47:31 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Consumer Product Safety]]></category>
		<category><![CDATA[Consumer Product Safety Commission]]></category>
		<category><![CDATA[Dental Crowns]]></category>
		<category><![CDATA[Dentist Office]]></category>
		<category><![CDATA[Easter Egg]]></category>
		<category><![CDATA[Eeboo]]></category>
		<category><![CDATA[Garden Rakes]]></category>
		<category><![CDATA[High Lead]]></category>
		<category><![CDATA[Jet Airplanes]]></category>
		<category><![CDATA[Key Chains]]></category>
		<category><![CDATA[Lunch Boxes]]></category>
		<category><![CDATA[Memory Testing]]></category>
		<category><![CDATA[Potential Health Risks]]></category>
		<category><![CDATA[Product Safety Commission]]></category>
		<category><![CDATA[Products Made In China]]></category>
		<category><![CDATA[Riverside Publishing]]></category>
		<category><![CDATA[Rr Donnelley]]></category>
		<category><![CDATA[Store Shelves]]></category>
		<category><![CDATA[Toy Banks]]></category>
		<category><![CDATA[X Force]]></category>

		<guid isPermaLink="false">http://www.diasmuertos.com/consumers-need-protection-from-products-that-contain-lead</guid>
		<description><![CDATA[In 2008, products that contain lead continue to arrive from China and appear everyday on American store shelves. The purchase of many of these products can result in a variety of potential health risks to the unsuspecting consumer. The danger inherent in the lead in the product is not identified on the product label. The [...]]]></description>
			<content:encoded><![CDATA[<p>In 2008, products that contain lead continue to arrive from China and appear everyday on American store shelves. The purchase of many of these products can result in a variety of potential health risks to the unsuspecting consumer. The danger inherent in the lead in the product is not identified on the product label. The consumer has no knowledge until a product is recalled that the product even contained lead.</p>
<p>Last year in America there was an extensive list of consumer products, made in China, that were recalled. The 2007 product recall list for high lead content included the following items: jackets and overalls, bracelets, key chains, children&#8217;s rings, easels, paint, lunch boxes, necklaces, and wooden toys.</p>
<p>In 2008, imported products containing high lead content continue to be found on store shelves. So far this year the Consumer Product Safety Commission (CPSC) product recall list includes Hobby Stores Easter egg containers, X Force Commander Jet Airplanes (sold at the Dollar Store), children&#8217;s medal jewelry sold by the Pecoware Company, children&#8217;s memory testing cards from Riverside Publishing, children&#8217;s sketchbooks from eeBoo Corp, and various children&#8217;s educational products from importer RR Donnelley, of Chicago, Ill. The product recall list also includes products with high lead content in various children&#8217;s garden rakes, toy banks, and jewelry. In fact, at this point everything on the retail store shelf made in China, even if it has not yet been recalled, is an item that the consumer should assume probably contains lead.</p>
<p>In addition to products containing lead on the store shelves, a new concern for the consumer has surfaced in the dentist office. It has recently been reported that dental crowns, veneers, bridges, and dentures made in China and other foreign dental labs may contain lead. Since about 20% of restorative dental products are outsourced to foreign dental labs, including China, it may be a good idea for consumers to check with dentists to insure that their restorative dental care does not include dangerous amounts of toxic lead from products produced in foreign labs. The FDA currently monitors only a small amount of imported dental products for compliance to its standards.</p>
<p>The problem for the American consumer is that government agencies involved in product oversight have not been properly funded by the federal government. Indeed, the Consumer Product Safety Commission was created in 1974 to insure product safety for the American consumer. However, since its creation, imported products from China into the United States have increased over 300%, but the budget for the CPSC has been slashed to less than half of its original 1974 budgeted amount.</p>
<p>Consider that the CPSC began with 800 employees in 1974. Today, it only has 420 staff members with just one employee monitoring imported toys. It is an agency overwhelmed and therefore the American consumer should not expect it to protect them from all the lead products on American store shelves imported from China. It is evident that many current products containing a high content of lead on American store shelves will never be properly identified or recalled.</p>
<p>The truth is that the world of globalization is presenting increased risk to the American consumer and the natural environment as it provides ever higher profit margins for large national and multi-national corporations. In an effort to increase profit margins by taking advantage of cheap, unskilled labor, an American company contracts China to make a product. This action reduces the cost of making the product to the company and, in effect, may out-source American jobs to mainland China. The product is made by the Chinese and imported back into the country where it is sold on American store shelves. The product is often made with cheap components such as lead paint. The imported product may not be reviewed by the CPSC because the Commission has not been properly staffed. Therefore the product may never be found to contain a high content of lead or ever be recalled.</p>
<p>If a product is discovered with lead, the product is then recalled by the company and apparently the lead somehow just disappears. Hopefully, in the next few years lead won&#8217;t be found in our landfills and contaminate the environment. On the other hand, if the product is not discovered to contain lead, but does, it is never recalled. It eventually gets sold to a consumer and the lead content in the item places the buyer&#8217;s health at risk. When the product is eventually discarded, it will end up in a landfill and the lead will contaminate the environment.</p>
<p>In an effort to finally address the problem, the United States House and Senate have both recently passed consumer protection bills. The Senate bill nearly doubles the budget of the Consumer Product Safety Commission from $88 million next year to close to $160 million in 2015. It bans lead in all but trace amounts in children&#8217;s toys, and it also gives the agency new authority to levy stiff fines against companies that balk at product recalls.</p>
<p>In effect, federal lawmakers have just begun to take the problem of imported lead on consumer products seriously. The new 2008 Consumer Protection Bill also bans lead on children&#8217;s toys. That sounds like a great idea until we realize that lead paint has been banned on children&#8217;s toys in the United States since 1978.</p>
<p>The solution to faulty consumer products is not politics, new law, or regulation. It is simply providing the money and the authority necessary for the CPSC to do the job it is supposed to do in an age of high consumer product imports and globalization. The federal government spends more than $400 billion per year in grants. In addition, Congressional pork-barrel spending was estimated to be $29 billion in the fiscal year 2006 alone. (Citizens Against Government Waste). A few million dollars to address the problem of lead in imported consumer products has always been available. It is about time that Congress has acted to provide the money necessary to begin to adequately staff the Consumer Product Safety Commission. Indeed, it is Congressional action long overdue to protect the American consumer and the environment from dangerous imported consumer products that contain high levels of lead.</p>
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		<title>Consumer Debt Settlement Protection Act &#8211; Your Debt Doesn&#8217;t Settle, You Don&#8217;t Pay</title>
		<link>http://www.diasmuertos.com/consumer-debt-settlement-protection-act-your-debt-doesnt-settle-you-dont-pay</link>
		<comments>http://www.diasmuertos.com/consumer-debt-settlement-protection-act-your-debt-doesnt-settle-you-dont-pay#comments</comments>
		<pubDate>Sun, 05 Jun 2011 00:10:49 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Consumer Debt]]></category>
		<category><![CDATA[Consumer Protection Act]]></category>
		<category><![CDATA[Counseling Services]]></category>
		<category><![CDATA[Credit Score]]></category>
		<category><![CDATA[Debt Negotiation Companies]]></category>
		<category><![CDATA[Debt Negotiation Company]]></category>
		<category><![CDATA[Debt Problem]]></category>
		<category><![CDATA[Debt Settlement Companies]]></category>
		<category><![CDATA[Debt Settlement Programs]]></category>
		<category><![CDATA[Expenditure Account]]></category>
		<category><![CDATA[Income And Expenditure]]></category>
		<category><![CDATA[Launch]]></category>
		<category><![CDATA[Legitimate Debt]]></category>
		<category><![CDATA[Markup Rate]]></category>
		<category><![CDATA[Multiple Services]]></category>
		<category><![CDATA[Negotiation Services]]></category>
		<category><![CDATA[No Doubt]]></category>
		<category><![CDATA[Settlement Company]]></category>
		<category><![CDATA[Terminologies]]></category>
		<category><![CDATA[Upfront Fees]]></category>

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		<description><![CDATA[There is no doubt that debt relief programs are perfectly operated with the help of debt settlement companies and since these companies are reformed, people are applying for debt relief through these companies. Reason for going through these companies is that ordinary consumers are not aware of financial terminologies. Even most of the people here [...]]]></description>
			<content:encoded><![CDATA[<p><br/><br/>There is no doubt that debt relief programs are perfectly operated with the help of debt settlement companies and since these companies are reformed, people are applying for debt relief through these companies. Reason for going through these companies is that ordinary consumers are not aware of financial terminologies. Even most of the people here do not know what they are paying in shape of minimum amount and will they be successful to clear their loan by only paying minimum amount? This is lack of information and lack of management of consumers that they pay but they have no interest to know even about markup rate.<br/><br/>Debt settlement companies perform multiple services for consumers suffering due to debt. They do not only offer negotiation services but nowadays they are also providing counseling services through which they guide people to manage their income and expenditure account. They also guide people how to pay their installment to avoid bad debt and to maintain credit score.<br/><br/>The basic problem is how to find a legitimate debt negotiation company that not only solves the debt problem but also helps to g0uide you. When the debt settlement programs were launched, many debt negotiation companies came into existence but all were not legitimate. Many companies ruined the happiness of people by taking upfront fees and prolonged the processes until the consumer opt for bankruptcy. This was observed by government officials and they made some changes in the debt settlement company&#8217;s act which was known as consumer debt settlement protection act. According to this act if your debt doesn&#8217;t settle, you do not have to pay to your debt settlement company. The concept of any kind of upfront fees in the mind of consumers and settlement companies was cleared after the launch of this consumer protection act.<br/><br/>Now whenever a consumer applies for a debt relief company, he does not have to pay any charges in advance. Due to this act all those companies which were involved in fraudulent activates, are out of the market and once again people are opting for settlement processes. This act is also decreasing the ratio of bankruptcy and people are gaining trust over companies.</p>
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		<title>Life Settlement Predictions For 2011</title>
		<link>http://www.diasmuertos.com/life-settlement-predictions-for-2011</link>
		<comments>http://www.diasmuertos.com/life-settlement-predictions-for-2011#comments</comments>
		<pubDate>Mon, 30 May 2011 08:04:11 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Acquisitions]]></category>
		<category><![CDATA[Aggregate]]></category>
		<category><![CDATA[Best Practices]]></category>
		<category><![CDATA[Diversification]]></category>
		<category><![CDATA[High Net Worth Individuals]]></category>
		<category><![CDATA[Institutional Investors]]></category>
		<category><![CDATA[Intermediaries]]></category>
		<category><![CDATA[Investment Banks]]></category>
		<category><![CDATA[Life Insurance Market]]></category>
		<category><![CDATA[Life Settlement Brokers]]></category>
		<category><![CDATA[Life Settlement Industry]]></category>
		<category><![CDATA[Life Settlements]]></category>
		<category><![CDATA[New Year]]></category>
		<category><![CDATA[Optimism]]></category>
		<category><![CDATA[Peg]]></category>
		<category><![CDATA[Portfolios]]></category>
		<category><![CDATA[Private Equity]]></category>
		<category><![CDATA[Producers]]></category>
		<category><![CDATA[Recession]]></category>
		<category><![CDATA[Settlement Broker]]></category>

		<guid isPermaLink="false">http://www.diasmuertos.com/life-settlement-predictions-for-2011</guid>
		<description><![CDATA[As 2010 draws to a close and the dawn of a new year beckons, those in the life settlement industry look forward with renewed optimism. By most accounts, the life settlement industry&#8217;s bottom is behind us and the secondary life insurance market is now in the process of recovering. How much and how fast is [...]]]></description>
			<content:encoded><![CDATA[<p><br/><br/>As 2010 draws to a close and the dawn of a new year beckons, those in the life settlement industry look forward with renewed optimism. By most accounts, the life settlement industry&#8217;s bottom is behind us and the secondary life insurance market is now in the process of recovering. How much and how fast is still to be determined. However, below are the Top 10 Predictions For Life Settlements in 2011.<br/><br/>1) Secondary Market To See Increased Buying. As everyone knows, capital has been slowly reentering the market but it is still off the highs experienced prior to the Great Recession. Much of the activity in 2010 was focused on tertiary trades and investors looking for distressed policies or portfolios. As those opportunities become less available in 2011, capital will be redirected to secondary market activities and policy origination.<br/><br/>2) Private Equity Will Arrive: As the investment banks and other types of investors left the market in 2009 and 2010, everyone has been anxious to identify the next big player. Much attention has been paid to Private Equity and in 2011 it will arrive. Rumors have been swirling that PEG&#8217;s have been looking for acquisitions of established market players and have recently started funding some providers.<br/><br/>3) Small investors will make a splash: Many have been waiting for institutional investors to flood the life settlement market with capital, while forgetting that high net worth individuals and family offices in aggregate have the potential to play a serious role. With an eye towards diversification and predictable returns, expect accredited investors and family offices to be active buyers, as never before, in 2011.<br/><br/>4) Higher Life Settlement Broker Utilization  In the past, it has been relatively easy for producers to act as de facto life settlement brokers. However, new industry best practices suggest life settlement brokers are preferred as intermediaries for policy owners interested in selling their policy. Not only are brokers more able to source small pockets of capital, but more stringent licensing, regulatory and compliance requirements make it difficult for anyone but brokers to effectively navigate the landscape. 2011 will see producers more likely to refer cases to brokers than try to handle them autonomously as they may have in the past.<br/><br/>5) Continued Push Towards Regulation  While approximately 20% of the states remain unregulated, the writing is on the wall that change is imminent. Some of the key unregulated states already have legislation in the works and consumer protection is a hot button issue that resonates with legislators. Expect the trend of consumer friendly life settlement regulation to continue in 2011.<br/><br/>6) Agents and Advisors Will Have To Address Life Settlements Like Never Before  In 2011 expect numerous states to adopt the new NCOIL model act requiring carriers to notify consumers of the life settlement option when policies are to be surrendered or allowed to lapse. Agents and financial advisors that previously didn&#8217;t consider settlements in their practices will now be forced to address the issue as carriers drive policy holders with questions and inquiries to those on the insurance front lines.<br/><br/>7) Greater Focus On Information Security  For too long, sensitive insured and policy owner information has been transmitted between agents, brokers and providers using insecure methods such as email. In 2011, as industry best practices demand secure data transfer, expect much higher utilization of specialized life settlement software such as Settlewerx and others.<br/><br/> <img src='http://www.diasmuertos.com/wp-includes/images/smilies/icon_cool.gif' alt='8)' class='wp-smiley' /> Smaller Providers  While the big players aren&#8217;t going anywhere, expect the trend of boutique providers serving smaller pockets of money and niche investors to continue into 2011.<br/><br/>9) Asian Investment US and European investors are the stalwarts of US life settlement investments. In 2011, expect to see more capital coming from Asia and the Middle East, which are relatively untapped sources of investment capital. Newly established offices and initiatives in that part of the world should begin to produce new funding sources in the coming year.<br/><br/>10) Broader Buying Parameters While cherry picking great policies at a discount was the name of the game in 2010, expect 2011 to bring a broader approach to buying. With increasing competition for policies, buyers will have to consider cases that might not have otherwise received bids in 2010.<br/><br/>With the broader economy improving and capital returning to the markets, 2011 promises to be an improved life settlement environment. For those that were able to survive the past two tumultuous years, they will hopefully be rewarded with a fruitful 2011.</p>
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		<title>The Telephone Consumer Protection Act</title>
		<link>http://www.diasmuertos.com/the-telephone-consumer-protection-act</link>
		<comments>http://www.diasmuertos.com/the-telephone-consumer-protection-act#comments</comments>
		<pubDate>Sat, 28 May 2011 06:00:24 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Act Deals]]></category>
		<category><![CDATA[Communications Act Of 1934]]></category>
		<category><![CDATA[Communications Commission Fcc]]></category>
		<category><![CDATA[Consumer Concern]]></category>
		<category><![CDATA[Consumer Protection Act]]></category>
		<category><![CDATA[Fax Machines]]></category>
		<category><![CDATA[Fcc Rules]]></category>
		<category><![CDATA[Federal Communication Commission]]></category>
		<category><![CDATA[Federal Communications Commission]]></category>
		<category><![CDATA[Federal Radio Commission]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[Interstate Commerce Commission]]></category>
		<category><![CDATA[Sms Text Messages]]></category>
		<category><![CDATA[Solicitation Purposes]]></category>
		<category><![CDATA[Tcpa]]></category>
		<category><![CDATA[Telephone Consumer Protection Act]]></category>
		<category><![CDATA[Telephone Consumer Protection Act Of 1991]]></category>
		<category><![CDATA[Unsolicited Advertisements]]></category>
		<category><![CDATA[Voice Logging Systems]]></category>
		<category><![CDATA[Voice Messages]]></category>

		<guid isPermaLink="false">http://www.diasmuertos.com/the-telephone-consumer-protection-act</guid>
		<description><![CDATA[In 1934 The United States enacted into federal law The Communications Act of 1934. The law replaced the Federal Radio Commission with the Federal Communication Commission. The law also transferred the regulation telephone service from the Interstate Commerce Commission to the Federal Trade Commission. The law remained intact for almost sixty years, when in the [...]]]></description>
			<content:encoded><![CDATA[<p><br/><br/>In 1934 The United States enacted into federal law The Communications Act of 1934. The law replaced the Federal Radio Commission with the Federal Communication Commission. The law also transferred the regulation telephone service from the Interstate Commerce Commission to the Federal Trade Commission. The law remained intact for almost sixty years, when in the early 1990&#8242;s; the Telephone Consumer Protection Act of 1991 was enacted. The Telephone Consumer Protection Act of 1991 was an amendment to The Communications Act of 1934.<br/><br/>The Consumer Protection Act (TCPA) is a federal law that was created due to increased consumer concern and complaints. These complaints were lodged through the Federal Communications Commission (FCC). The complaints were made in regards to the use of telephones for solicitation purposes. The Telephone Consumer Protection Act is the primary law in the USA pertaining to telephony. The law governs the conduct and use of the telephone, mainly pertaining to solicitations. These solicitations primarily are referred to as telemarketing. The TCPA restricts many of the methods of solicitations. These restrict the use of automatic dialing systems. ADS are the IVR or prerecorded voice messages. It also restricts the use of SMS text messages received by cell phones. There are limitations and requirements that restrict the use of fax machines to send unsolicited advertisements. The act deals with specific technical requirements for auto dialers, fax machines, and voice logging systems. Within the act, there are provisions that require the identification and contact information of the solicitor must be displayed in the method of contact.<br/><br/>Unless the recipient has given prior express consent, the TCPA and Federal Communications Commission (FCC) rules under the TCPA generally require:<br/><br/>Solicitors may not call residences before 8 a.m. or after 9 p.m., local time.<br/><br/>The solicitor must maintain a &#8220;Do Not Call&#8221; (DNC) list, which must be honored for 5 years.<br/><br/>Solicitors must provide their name, the name of the person or entity on whose behalf the call is being made, and a telephone number or address at which that person or entity may be contacted.<br/><br/>Solicitation calls cannot be made to residences with artificial voices or recordings.<br/><br/>Calls cannot be made with artificial voices or recordings to cell phones or to any service in which the recipient is charged for the call.<br/><br/>Prerecorded or auto dialed calls cannot engage two or more lines of a multi-line business or to any emergency number.<br/><br/>In a related section, unsolicited advertising faxes are also prohibited.<br/><br/>In the event of a violation of the TCPA, individuals are entitled to collect damages directly from a solicitor for $500 to $1,500 for each violation, or recover actual monetary loss, whichever is higher.<br/><br/>The TCPA was designed to limit the annoyances of unwanted intrusion on businesses and consumers that go along with unsolicited marketing. The Federal Communication Commission uses its authority under the Telephone Consumer Protection Act (TCPA) to enforce the restriction or limitation of the use of the telephone for unsolicited marketing. The FCC established and the Federal Trade Commission (FTC) have worked tirelessly to ensure that no one misuses or intrudes on another&#8217;s privacy or personal property. Together in 2003 the two agencies established a national Do-Not-Call Registry. This national registry covers the entire United States and its&#8217; territories. The registry is a list of individuals who do not wish to be bothered by solicitors. The rules apply to all telemarketers. Any company, with the exception of pre-approved non-profit organizations must adhere to these rules. These laws apply to interstate and intrastate telemarketing calls. It is illegal for companies or their telemarketing representatives are not allowed to call a person whose phone number is on the registry. These are blanket rules with very little exceptions. Because of this registry consumers are able reduce the number of unwanted sales calls to their homes. This action has virtually crippled most type of business to consumer telemarketing. Telemarketing companies must answer for the actions of their predictive dialers. Fax marketing and junk fax have been virtually eliminated through the actions of the TCPA.<br/><br/>While the laws do restrict certain freedoms, they also protect the privacy and respect the time of the consumer. The Telephone Consumer Protection Act is a protection against unwanted annoyance. The law has forced companies to explore alternate means of marketing and has greatly affected the multi-billion dollar outbound telemarketing industry.</p>
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		<title>Federal Debt Settlement Consumer Protection Act &#8211; Why Debt Settlement Is Now Legitimate</title>
		<link>http://www.diasmuertos.com/federal-debt-settlement-consumer-protection-act-why-debt-settlement-is-now-legitimate</link>
		<comments>http://www.diasmuertos.com/federal-debt-settlement-consumer-protection-act-why-debt-settlement-is-now-legitimate#comments</comments>
		<pubDate>Thu, 26 May 2011 08:36:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Consumer protection]]></category>
		<category><![CDATA[Consumer Debt]]></category>
		<category><![CDATA[Consumer Protection Act]]></category>
		<category><![CDATA[Debt Relief]]></category>
		<category><![CDATA[Debt Settlement Companies]]></category>
		<category><![CDATA[Debtors]]></category>
		<category><![CDATA[Debts]]></category>
		<category><![CDATA[Federal Debt]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[Fraud Settlement]]></category>
		<category><![CDATA[Ftc]]></category>
		<category><![CDATA[Game]]></category>
		<category><![CDATA[Initial Payments]]></category>
		<category><![CDATA[Legitimacy]]></category>
		<category><![CDATA[Little Chance]]></category>
		<category><![CDATA[New Laws]]></category>
		<category><![CDATA[Reliability]]></category>
		<category><![CDATA[Right Time]]></category>
		<category><![CDATA[Settlement Company]]></category>
		<category><![CDATA[Settlement Deal]]></category>
		<category><![CDATA[Settlement Industry]]></category>

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		<description><![CDATA[If you were hesitating to take up a settlement deal due to the lack of legitimacy, now it is the right time for you to start the game because with the federal debt settlement consumer protection act debt settlement is legitimate &#038; reliable as it was never before.The new settlement laws are such it allows [...]]]></description>
			<content:encoded><![CDATA[<p><br/><br/>If you were hesitating to take up a settlement deal due to the lack of legitimacy, now it is the right time for you to start the game because with the federal debt settlement consumer protection act debt settlement is legitimate &#038; reliable as it was never before.<br/><br/>The new settlement laws are such it allows the debtors of more than $10k in debt to simply enter in to a settlement deal with out even paying any initial payments. In the early stages, debt settlement was well in used but debtors always had the question over the reliability of the settlement companies with which they are working. On this ground certain debtors got caught in to the hands of fraud settlement companies who make money from the pain of the debtors.<br/><br/>But now the settlement industry has approached a new episode becoming rather legitimate and reliable due to the federal debt settlement consumer protection act implemented by the government. This new act includes the establishment of Federal Trade Commission; the institute in charge of debt settlement companies. All the settlement companies in the market need to get registered in this and if not they will be perceived as illegal companies. Thus finding a reliable settlement company is simple as you only needs to find companies which are registered in FTC,<br/><br/>And since the new law doesn&#8217;t allow any settlement company to charge their customers before their debts get settled at least in half, leaving little chance for fraud companies to trap desperate debtors. Therefore with these new laws, settlement is rather safer and legitimate approach for debt relief!</p>
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