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Home > Rate and Review > Contract Law Debt Elimination > Institute for Financial Literacy – Scam, Complaint, Review, or Praise?

Institute for Financial Literacy – Scam, Complaint, Review, or Praise?

Please share your experience with this debt relief company and provide your review and feedback, in the comments section below.

The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this debt relief company. Here are some potential questions you might be able to provide feedback about.

  • How did you feel about the customer service experience you received?
  • Was the company easy to communicate with before or after you became a client?
  • Did the company respond to your communications promptly?
  • What were the fees charged for the services you received?
  • Did the company give you the terms and conditions for the program you were interested in before you gave them any personal information?
  • Was the program successful for you and accomplish the goals you had when you entered the program?
  • Did you have a really good experience you can share?
  • Did you have a bad experience you want to share?
  • Is there any other information you’d like people to know that might be considering the services of this company?

It is important to understand when reading comments below that they are the opinions of the individual posters and may not be representative of the overall impression of all consumers that may have or have not used the debt relief services of this company. But everyone does deserve to have an opportunity to express their opinion, even the debt relief company itself, be it good, bad, or indifferent.

Would you recommend Institute for Financial Literacy to others?

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About Amanda Miller

Amanda Miller
  • tripperdude

    But you are an attorney utilizing IFL services, are you not?  And therefore receiving some benefit from such use, financial and otherwise, are you not?

  • Jay Fleischman

    Bernie, that’s a comment that doesn’t add up.  I am not in charge of the legal requirement for the services of IFL – you need to talk with your Congressional representative about that.  As among providers of the service, however, IFL is honest and not a scam at all.  As Steve said in this comment thread, it’s a legal requirement.

  • Bernie150

    And you Sir, are one of the attorneys.  Tell me, is Dale Carnegie a scam?  Or Jillian Michaels?  A matter of perspective Sir, as you already know.

  • Steve Rhode

    It sounds like you took the mandated DOJ pre-bankruptcy class. It’s hard to make that mandated class rock your world. It’s just a grind that folks on both sides have to crank through for no reason other than that’s what the bankruptcy reform act of 2005 required.

    Unfortunately it does not matter if you can find the information online because everyone has to provide a certificate from a U.S. Trustee Program approved by the DOJ that you made it through the class.

  • JayFleischman

    IFL is run by two very close friends of mine, Leslie and John Linfield.  They are two people for whom financial literary is a mission, not merely a business proposition.  Their bankruptcy-related credit counseling and pre-discharge financial management courses go above and beyond what’s required to provide consumers with real education to help them avoid financial difficulties in the future.

    In short, IFL is about as far from a scam as is possible.

  • Anonymous

    IFL is run by two very close friends of mine, Leslie and John Linfield.  They are two people for whom financial literary is a mission, not merely a business proposition.  Their bankruptcy-related credit counseling and pre-discharge financial management courses go above and beyond what’s required to provide consumers with real education to help them avoid financial difficulties in the future.

    In short, IFL is about as far from a scam as is possible.

    • Bernie150

      And you Sir, are one of the attorneys.  Tell me, is Dale Carnegie a scam?  Or Jillian Michaels?  A matter of perspective Sir, as you already know.

      • http://www.consumerhelpcentral.com Jay Fleischman

        Bernie, that’s a comment that doesn’t add up.  I am not in charge of the legal requirement for the services of IFL – you need to talk with your Congressional representative about that.  As among providers of the service, however, IFL is honest and not a scam at all.  As Steve said in this comment thread, it’s a legal requirement.

      • Anonymous

        But you are an attorney utilizing IFL services, are you not?  And therefore receiving some benefit from such use, financial and otherwise, are you not?

  • Bernie M.

    The company really is very cheesy, they are not a “real” credit counselor.  Instead they provide a minimal service for people who file bankruptcy to satisfy US Bankruptcy Court filing requirements.  They do this by hiring mostly young people with no training and very little life experience to read scripts to callers for 45 minutes and call that completing “a course” in financial management. No outreach is made to the clients or to any other social service agencies or networks on the client’s behalf.  The Director travels around the country to “network” with other state agencies and secure public funding for the programs.  There certainly is a need for this type of service however all the information they offer can easily be found online, for free.  What keeps them in business are the requirements of the US Bankruptcy Court and their extensive network of attorneys and legislators who use “The Institute” for their own filing requirements and PR purposes.  Non-Profit indeed!

  • Bernie M.

    The company really is very cheesy, they are not a “real” credit counselor.  Instead they provide a minimal service for people who file bankruptcy to satisfy US Bankruptcy Court filing requirements.  They do this by hiring mostly young people with no training and very little life experience to read scripts to callers for 45 minutes and call that completing “a course” in financial management. No outreach is made to the clients or to any other social service agencies or networks on the client’s behalf.  The Director travels around the country to “network” with other state agencies and secure public funding for the programs.  There certainly is a need for this type of service however all the information they offer can easily be found online, for free.  What keeps them in business are the requirements of the US Bankruptcy Court and their extensive network of attorneys and legislators who use “The Institute” for their own filing requirements and PR purposes.  Non-Profit indeed!

    • http://GetOutOfDebt.org Steve Rhode

      It sounds like you took the mandated DOJ pre-bankruptcy class. It’s hard to make that mandated class rock your world. It’s just a grind that folks on both sides have to crank through for no reason other than that’s what the bankruptcy reform act of 2005 required.

      Unfortunately it does not matter if you can find the information online because everyone has to provide a certificate from a U.S. Trustee Program approved by the DOJ that you made it through the class.

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