See more news releases in: Banking & Financial Services
Consumer alert: Debt reduction companies
Beware of "too good to be true offers"
OTTAWA, Jan. 10, 2012 /PRNewswire/ - The Financial Consumer Agency of Canada (FCAC) today issued a Consumer Alert on debt reduction companies. FCAC is warning Canadians: Be very cautious about companies that claim they can negotiate a deal with your creditors so that you will have to pay only part of your debt. This process is often called "debt reduction," "debt settlement," "debt relief" or "debt negotiation."
Consumers who are looking for information on dealing with their debt will find tips on getting out of debt on FCAC's website at fcac.gc.ca.
About FCAC
With educational materials and interactive tools, the Financial Consumer Agency of Canada (FCAC) provides objective information about financial products and services to help Canadians increase their financial knowledge and confidence in managing their personal finances. FCAC informs consumers about their rights and responsibilities when dealing with banks and federally regulated trust, loan and insurance companies. FCAC also makes sure that federally regulated financial institutions, payment card network operators and external complaints bodies comply with legislation and industry commitments intended to protect consumers.
You can reach us through the FCAC Consumer Services Centre by calling toll-free 1-866-461-3222 (TTY: 613-947-7771 or 1-866-914-6097) or by visiting our website: fcac.gc.ca.
FCAC celebrates its 10th anniversary!
Follow @FCACan on Twitter
Subscribe to FCACan on YouTube
Financial Literacy Month
Like Financial Literacy Month in Canada on Facebook
Join Partnering to Turn Financial Literacy into Action on LinkedIn
SOURCE Financial Consumer Agency of Canada
Video with caption: "Video: Richard Haggins Success Story ". Video available at: http://stream1.newswire.ca/cgi-bin/playback.cgi?file=20120110_C2514_VIDEO_EN_8703.mp4&posterurl=http://photos.newswire.ca/images/20120110_C2514_PHOTO_EN_8703.jpg&clientName=Financial%20Consumer%20Agency%20of%20Canada&caption=Video%3A%20Richard%20Haggins%20Success%20Story%20&title=FINANCIAL%20CONSUMER%20AGENCY%20OF%20CANADA%20%2D%20See%20how%20Richard%20Haggins%20from%20Mississauga%20takes%20advantage%20of%20FCAC%27s%20resources%20to%20help%20his%20clients%20who%20face%20financial%20or%20debt%20hardship%2E&headline=Consumer%20alert%3A%20Debt%20reduction%20companies
Image with caption: "Sounds too good to be true? Then beware! (CNW Group/Financial Consumer Agency of Canada)". Image available at: http://photos.newswire.ca/images/download/20120110_C2514_PHOTO_EN_8701.jpg
Custom Packages
Browse our custom packages or build your own to meet your unique communications needs.
PR Newswire Membership
Fill out a PR Newswire membership form or contact us at (888) 776-0942.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.
Featured Video
More in These Categories
Journalists and Bloggers
Visit PR Newswire for Journalists for releases, photos, ProfNet experts, and customized feeds just for Media.
View and download archived video content distributed by MultiVu on The Digital Center.
Free Investing Newsletter from Investor Uprising!
Learn to navigate the world's financial system and profit from leading companies.
Register for Investor Uprising, the people's investment site, for a free weekly newsletter, information, education and premium research including our latest IU Confidential Report - "All That Glitters: The Ultimate Gold Report".