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Credit debt solutions are affordable ways which help to get out of debt. Choose the most suitable solutions to settle the debt problems.

There are several common debt relief forms which are absolutely individual as every consumer should choose the most suitable for personal case.

Federal Trade Commission banned three debt relief companies from business for the false statements about their service that can help people get out of credit card debts and stop irritating calls and notices from debt collection agency. Besides, the defendants, Jonathan Greenberg, Financial Future Network LLC, Hermosa Group LLC, Media Innovations LLC, also get the fine of $500,000 for settling the changes.

Debt consolidation companies offer help for parents who want to consolidate student loans. Lines of private counseling are opened.

Many homeowners experience difficulties with providing constant monthly payments on their mortgages, however, now they are protected by the new rule provided by the Federal Trade Commission.

On Friday, the government reported about the plan that is aimed to result in the potential wind-down of the government-backed mortgage companies. Officials are concerned about this as they suppose that the process will last for years and Tim Geithner, the Treasure Secretary stated that administration will stay behind Fannie and Freddie's obligations in the meantime.