16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments #543670-00179

Submission Number:
543670-00179
Commenter:
jerry hyder
State:
TX
Initiative Name:
16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments
Dear Sirs, I have always had excellent credit and was able to borrow up to $150,000 at a time. Due to a cascade of events, I found myself running my credit cards to a point where penalties and interest were putting me in a position of servitude to those companies. I called them to see if there was any way I could have some help to pay them completely off and they in so many words told me "that they were in the business to keep people in debt" thus making interest. I didn't know what to do. The creditors were constantly calling. I was at my wits end and a friend told me to seek a debt service company. After talking to their represenntative I felt a huge amount of relief but most of all I had hope again. After three years of making payments I could live with the credit cards are paid off and now there is light at the end of the tunnel. It is from some one who use to say if someone runs up that much debt they deserve what they get. I now know what they feel like and am so thankful some one was there to help me. Sincerely yours, Jerry Hyder