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Tag Archives: CCCS

Did the CFPB Just Totally Blow Off CCCS and NFCC?

Adult Ed - Questions

I could not help but notice an absence of some familiar faces in an announcement by the Consumer Financial Protection Bureau (“CFPB”) today on financial education. The CFPB announced an inspired national project to help those most in need to get more education about managing their finances. You would have expected the National Foundation for Credit Counseling to have been ... Read More »

    Consumer Credit Counseling Settles Debt on 50% of its Clients – 1968

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    As a student of debt history I’m probably one of those odd geeks that spends time reading outdated and arcane material about consumer debt and debt relief activities. Recently I sat down and read a 1968 document put out by the NFCC. Today they are called the National Foundation for Credit Counseling but back then they were the National Foundation ... Read More »

      Did the NFCC Client of the Year Really Do the Ethical Thing?

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      The National Foundation for Credit Counseling Recently put out a press release celebrating their clients of the year who, in my opinion, should never have been put into a debt management plan to begin with. See NFCC Celebrates Utter Stupidity and Puts Older Dementia Patient in Debt Management Plan. My goodness, I hate to make this issue about Jim and ... Read More »

        The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, Bankruptcy, and Debt Consolidation Loans

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        This is a story that I’ve been working on for a few weeks. I’ve been asking people and groups for feedback and information to write this but what I’ve run into, is a wall. I have received some feedback from groups and people that don’t wish to be publicly identified to protect themselves but what I have learned has been ... Read More »

          NFCC and CCCS Should be Open and Transparent When It Comes to Performance

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          For far too long credit counseling groups have remained silent about how their service actually performs. Many routinely direct consumers to nonprofit credit counselors but how effective are they? The actual performance numbers have always been a closely guarded secret. That secret has been held, not out of modesty, but out of fear that when it was reveled, fans and ... Read More »

            Should I Do CCCS vs Debt Settlement? – Dave

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            “Dear Steve, I am behind on my credit card debt to the tune of $35,000. I’ve looked into different options but I’m not sure if I should go cccs vs debt settlement? What do you think? Dave” Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, ... Read More »

              I Am in a Debt Management Plan With Only $100 a Month to Spare. – Lynn

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              “Dear Steve, I have about 24000 in debt credit cards and loans. I was in a debt management plan about 5 months ago with a local company. I was off of work for a sort time. What I currently pay out now i have about $100 left each month to live on. If I decide to go with another company ... Read More »

                I’m in Debt and Talked to CCCS and They Said They Could Not Help Me. – Ray

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                Ray “Dear Steve, I have about $75,000 in credit card debt on 3 cards. I know I have been spending beyond my means and I have already changed my ways. I didn’t have any trouble paying my bills until a few months ago, when several things that needed cash added up. I have never been late on payment of any ... Read More »

                  Is Money Management International a Reputable CCCS Company? – Dawn

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                  Dawn “Dear Steve, My husband’s income has dropped by about 60%. We’re having a difficult time making ends meet. We have a forebearance plan right now with our mortgage lender. We have about $35,000 in credit card and medical bill debt. We’ve fallen behind on most of our cards by over 30 days and they have increased our interest rate ... Read More »

                    Is CCCS Right for Us or is There a Better Alternative? – Shawn

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                    Shawn “Dear Steve, I have about $100k of unsecured consumer credit card debt spread out amongst several (about 15) cards. My wife and I are both in very stable jobs, and combined we make about $110k a year (about $6000-$6500/mo take-home after tax, health insurance, etc). We “own” our house, in other words, we pay $2k a month mortgage on ... Read More »

                      We Are Concerned About the Complaints Against CCCS. – Andrea

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                      “Dear Steve, We are on the verge of signing a contract with CCCS (Money Management Itl) but the complaints against them are not good! We currently do not own a home, but are making fairly large payments on 2 cars and have almost $40,000 in cc debt…not to mention 2 student loans totally about $25,000 that are in forebearance. My ... Read More »

                        Is There Any Free Credit Counseling Help Available? – Everett

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                        “Dear Steve, What is the best way to repay past debt which has been placed in collection, or written off as bad debt? I am now working and want to satisfy these debts and improve my overall credit worthiness. I called what I thought was CCCS and the phone was answered by Money Management International. After going over all the ... Read More »

                          Bank of America Sent Me to CCCS and They Rejected Me. – Loretta

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                          Loretta “Dear Steve, Am about $50,000 in credit card debt. To date I have made payments (Help of my son) but it is getting harder. Was considering a debt management but would like a name of a good honest one. Chase bank did work out a repay plan but Bank of America will not. Sent me to their cccs and ... Read More »

                            When Are NFCC Call to Action Debt Management Plans Going to Be a Reality? – Eric

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                            “Dear Steve, As of 14 months ago I was grossing $100K/yr, now $42K, I have $51K in CC debt, i am not late/delinquent but it is inevitable, I am down to $1100 bal on a broken down car, $355/mo payment has 3 mo left. I have $7500 in 401K, 44 yrs old. Was able easily to cover CC pmts until ... Read More »

                              I Want to Repay My Debts But I Can’t Stop Using the Credit Cards. – Bonnie

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                              Bonnie “Dear Steve, I want to deal with the best company for my debt consolidation. I don’t want to deal with money grabbers, or companies that won’t send the payments in on time and every month. I also think maybe I can do this myself in 6 years, but I can’t stop using the cards. Is CCCS the best company ... Read More »

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