The Family First News is the next phase in credit repair and financial responsible news. With the new credit laws coming into effect, the FTC has once again stepped in to protect consumers from unscrupulous companies. This review will help you understand what the new regulations mean for you and your credit repair business. The new legislation requires every credit repair organization to be independent, so now is the time to become proactive. You can help the cause of protecting families by making sure you are following up on all leads and providing the financial support you promised to provide to those in need.

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If you own or manage a credit repair company and if you have been providing ongoing credit repair service to customers, you are not required to update your clients on this latest development in the law. However, you may want to consider including them in upcoming updates to your company’s website, so that they are aware of your efforts on behalf of the law. The purpose of the new FTC laws is to prevent abusive credit repair practices, such as paying a fee for each unsuccessful service.

Family First News Review will be detailing how this new regulation will benefit the credit repair industry, by making consumers aware of their rights. In addition to protecting you from those who seek to steal your clients by stealing their money, you are also being provided with protection against unscrupulous attorneys who use these practices as part of their overall debt collection strategy. This protects you from class-action lawsuits, which allow any individual to file a suit on your behalf in order to collect monies that were owed to them.

The primary motivation behind the new law is to prevent fraud. This will serve to reduce the numbers of fraudulent activities being conducted by unethical debt collectors, which drops the cost for credit card providers overall. For years, unscrupulous lawyers have targeted individuals with financial problems in order to extract settlements from these individuals in order to financially benefit from their losses. The new law prevents this type of activity, thereby protecting you from having to pay out more money than needed. This benefit to consumers is likely to prove very important when the economy is in a delicate financial state.

Many attorneys will not take on credit card cases because of the inherent risk that comes with such a case. But now, consumers stand a better chance of obtaining credit restoration from an attorney who practices in personal finance rather than personal law. This means that you may obtain the services of an attorney who specializes in credit repair without having to go through the lengthy process of going through the court system. If you’re already struggling to make your payments and want to regain control of your finances, this type of credit restoration service may be just what you need. You may even find that it allows you to get back on your feet in a much quicker period of time.

In Part Two of this series, we will examine the benefits that come to consumers through the implementation of the new laws. As stated above, many attorneys will refuse to take on such cases due to the risk involved, but by using a specialist law firm that specializes in credit restoration, you may be able to get the help you need. For more information, feel free to re-visit the Family First News web site every week. We hope you find this information useful.