The Credit Card Industry has never done better. In spite of consumer groups calling for reform, they continue to market to the least credit worthy Americans. But that’s ok according to the Feds, who doesn't see anything wrong. Things are going exactly as planned.
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For the last 6 years graduates of NAES (North American Educational Service) been educated to not to pay their Credit Card Bills. Client have eliminating over $145 million credit card debt”. On an average of 12 to 18 the debt is eliminated.
They have been asking the Credit Card Companies this very simple question” Show us the Money”. To be more accurate, prove to me I have a loan with you. They are exercising their right to initiate a billing errors dispute per the Truth in Lending Act, Amendments
Fair Credit Billing Act 15 USC 1601.
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