Has anyone heard of this? Use federal laws to eliminate your debts?

Question : Has anyone heard of this? Use federal laws to eliminate your debts?
I keep getting emails that claim there are Federal Laws to elimate debts. (I know they are note referring to Bankruptcy here). Doesn’t anyone know if this is true or is it just more scammers making money off other’s mistfortunes?

If anyone knows this to be true, I would like to know.

Thanks in advance.
eliminate your debt

Best answer:

Answer by tonalc1
Scam.

This entry was posted by admin on October 25, 2010 at 7:43 am, and is filed under Banking. Follow any responses to this post through RSS 2.0.You can leave a response or trackback from your own site.

Comments (6)
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#1 written by dreamscorporation 1 year ago

if someone wants to get out of debt today it is pretty easy with a debt consolidation plan
however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is:

http://umgarticles.atspace.com/debt-consolidation.htm

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#2 written by Inquisitor-2006 1 year ago

The ONLY federal law to eliminate debt are the federal bankruptcy laws (Chaps. 7 & 13). No other such law exists.

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#3 written by Ron H 1 year ago

Just a scam.

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#4 written by brainiac 1 year ago

you can negotiate with your creditors and say I will pay you a percentage of what I owe.

but it is wrong…you borrowed the money and agreed to pay it back, why shouldnt you?

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#5 written by ShouldBeWorking 1 year ago

I’m not sure if there really IS a law about that, but I have a friend who did one of those e-mails, and it was a total scam. She ended up losing about $ 800 and then because she was like 2 or months behind in her bills she was going to file for Bankruptcy! So be VERY careful!

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#6 written by antiekmama 1 year ago

To be sure it is a scam. be extra cautious

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