Official Release from the FTC
FTC Issues Final Rule to Protect Consumers in Credit Card Debt
Amendments to Telemarketing Sales Rule Prohibiting Debt Relief Companies From Collecting Advance Fees Will Take Effect in October 2010
Starting on October 27, 2010, for-profit companies that sell debt relief services over the telephone may no longer charge a fee before they settle or reduce a customer’s credit card or other unsecured debt.
“At the FTC we strive every day to make sure America’s middle class families get straight deals for their dollars,” Chairman Jon Leibowitz said. “This rule will stop companies who offer consumers false promises of reducing credit card debts by half or more in exchange for large, up-front fees. Too many of these companies pick the last dollar out of consumers’ pockets – and far from leaving them better off, push them deeper into debt, even bankruptcy.”
Finish the story
What are your plans for Friday? Nothing? Great! Come join us at Friday Fest in Urbandale!
Your friendly WestStar Mortgage employees will be pouring ice cold beer to get your weekend started. Enjoy music by Gimikk and inflatables for the kids. Admission is $7, kids under 12 are free.
More details at Friday-Fest.com.
See you Friday evening!
This just in!
Congress has passed the H.R. 5623, the Homebuyer Assistance and Improvement Act, which extends the $8,000 or $6,500 tax credit closing deadline to September 30, 2010. This extension will only apply to those borrowers who have a purchase agreement signed by April 30, 2010.
If you have a purchase agreement dated by April 30, 2010 give us a call or fill out our online application! If you qualify, we can close in 30 days or less!
Even if you don’t have a purchase agreement dated by April 30, 2010, it’s still the perfect time to find that new home, or refinance your current one. Get pre-qualified today!
If you’re thinking about purchasing a home or refinancing your current one, now is the time to get pre-qualified. Fill out this online application and one of our loan officers will be in touch soon.
Did you know that we offer Conventional, FHA, VA, USDA loan programs and more? Call 515-242-7070 for more details.
