Saturday, October 29, 2005

CFB_10/29/2005 -Who can you trust when Credit Trouble finds you

Swimming in the sea of Credit Problems you are likely to find many sharks, many hungry sharks that like to prey upon the vulnerable consumer.

Chief amoung them are the debt negotiators and credit counseling services that are really collectors in disguise. Who wants the fox watching the hen house ?

How many legal credit repair clinics do you think there are ??? According to the Federal Trade Commision there are none - it's illegal under two federal laws - unless they are certified by the Treasury Department, and if they are not they do not charge any money for their services.

During our show we'll discuss many of the credit traps and the sharks that are waiting to take a bite out of you. Check back in for live updates.

The shrinking middle class - A caller suggest that maybe the US has the largest middle class in the world - Perhaps that is correct, our assertion is that the Middle Class is shrinking. The latest Cesus information seems to suggest this as well.
http://www.census.gov/Press-Release/www/releases/archives/income_wealth/002484.html

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