How I Went Bankrupt at 23
For as long as Amanda Chatel could remember, her dad had warned her about the dangers of credit cards. Then she got to college and began ignoring those warnings -- repeatedly.
For as long as Amanda Chatel could remember, her dad had warned her about the dangers of credit cards. Then she got to college and began ignoring those warnings -- repeatedly.
When he left the priesthood in 2001, he was deep in credit card debt. He dug himself out eventually, but looking back he marvels at how easy it was to get into such a desperate situation.
The Federal Trade Commission's telemarketing rules aim to protect consumers from debt-settlement companies that charge upfront fees or overpromise results. But some companies already have found ways to get around those rules, consumer groups warn.



