Federal Trade Commission Offers Website to Assist Consumers Dealing with Debt
"It’s become an all-too-familiar headline – lay-offs and furloughs, falling housing prices and rising consumer debt, declining retail sales and increasing costs of living," the website introduction reads.
"Money – and the lack of it – is a source of stress and frustration. And while people the world over are working to stem the global financial situation we’re in, folks at home are trying to gain some control over their own financial situations, too. Practicing positive, tried and true money management techniques – and learning how to recognize and avoid some “ripped from the headlines” consumer scams and rip-offs – can help you weather tough economic times."
Tips and resources on Money Matters include:
Scam Watch: a variety of consumer tips on money wiring, mortgage-rescue, credit repair, and work-at-home scams as well as sweepstakes fraud and more.
Credit Cards: pointers on choosing and using credit cards wisely.
Managing Your Money: information about budgeting, saving and spending the smart way.
Dealing with Debt: tips on how to avoid being scammed, and common-sense practices about dealing with debt.
Your Home: helpful advice on mortgage payments, foreclosure-rescue scams, mortgage servicing, reverse mortgages, and more.
Jobs: whether you've lost a job or are considering a business opportunity, get pointers on everything from working at home to job scams.
The site also provides links to file a complaint
with the Federal Trade Commission and get email updates on these subjects as well as new topics.