Benefits consolidating credit card debts
The government does not fund, back, or sponsor debt relief programs.However, the Federal Trade Commission enforces the Telemarketing Sales Rule, which regulates industry activities.
People trust that the government will treat them fairly and not try to rip them off.
Source The government does not approve private debt consolidation programs or companies.
However, the Department of Justice publishes a free state-by-state listing of approved credit counseling agencies.
However, the oversight can help you find trustworthy private companies.
The federal government does not directly support or manage any debt consolidation loans or programs.