Consumer Alert: Debt Reduction Companies

Beware of "too good to be true offers"

(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 01/10/12 -- The (FCAC) today issued a . FCAC is warning Canadians: Be very cautious about companies that claim they can negotiate a deal with your creditors so that you will have to pay only part of your debt. This process is often called "debt reduction," "debt settlement," "debt relief" or "debt negotiation."

Consumers who are looking for information on dealing with their debt will find tips on on FCAC's website at .

About FCAC

With and , the (FCAC) provides objective information about financial products and services to help Canadians increase their financial knowledge and confidence in managing their personal finances. FCAC informs consumers about their when dealing with banks and federally regulated trust, loan and insurance companies. FCAC also makes sure that federally regulated financial institutions, payment card network operators and external complaints bodies comply with intended to protect consumers.

You can reach us through the FCAC Consumer Services Centre by calling toll-free 1-866-461-3222 (TTY: 613-947-7771 or 1-866-914-6097) or by visiting our website: .

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Contacts:
Julie Hauser
Media Relations Officer
613-941-4168

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 10.01.2012 - 14:40 Uhr
Sprache: Deutsch
News-ID 102727
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OTTAWA, ONTARIO

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Government & Administration

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"Consumer Alert: Debt Reduction Companies"
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