16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments #543670-00193

Submission Number:
543670-00193
Commenter:
Dave Schultze
State:
CA
Initiative Name:
16 CFR Part 310 Telemarketing Sales Rule- Debt Relief Amendments
Debt settlement is a viable option to the consumer who gets over extended. Example, I was making 40K per year and had 20K in credit. How could I ever pay that money back when I maxed it out. Shame on the banks for giving me the money, and shame on me for miss using the money. Debt settlement is the only way for the average Joe to get back on their feet. Without it, it will create millions and millions of people with no hope. Their has to be a referee in the loaning of consumer credit. That's what debt settlement does. without it, the people will be at the mercy of the banks and all their policies. 35 dollars for an over draft fee! Most people sink with one, with 2, your taking food off of the table. How greedy are we going to let the banks be. The banks are looking for a way to have no accountability in giving financial slavery to millions of people. Please let debt settlement continue to be the referee in a very tough situation. Debt settlement saved me almost 20k. Next month, at age 43, I will be debt free for the first time in my life. I cant wait to experience the moment. Sincerely, Dave Schultze