Tag Archives: national foundation for credit counseling
- Credit Counseling Industry Accused in Potential Historic Turning Point Lawsuit
A lawsuit I’ve been following since it became publicly available back in the middle of October has become a major milestone in what could spell the death of credit counseling as we know it I first learned of this case about six months ago when it was developing but I’d not written anything about it [...]
- Will the CFPB Outlaw Fairshare to Credit Counseling Organizations?
I was approached not long ago by an knowledgeable industry insider with the statement that the CFPB may be already in the process of policy to outlaw credit counseling fairshare payments. You know the first reaction you might have about that statement is that it would never happen. Fairshare is that commission the creditors pay [...]
- Why is Credit Counseling Stumped Demand is Down?
Over the past couple of weeks I’ve noticed a wave of information appearing on the web about the decrease in demand for credit counseling services. The reason given seems to be “consumer fatigue.” The peak client numbers that nonprofit consumer credit counselors saw in 2009 appear to be slowly falling. NFCC member agencies in the [...]
- NFCC Appears to be Talking Out of Both Sides of Their Mouth
Recently the National Foundation for Credit Counseling (“NFCC”), the nonprofit franchise operation for credit counseling outfits, filed a public statement in which they were winging about the amount of funding they get from creditors. Historically, a significant amount of support for those activities came from creditors in the form of “fair share.” In recent times, [...]
- National Foundation for Credit Counseling – History and Future
National Foundation for Credit Counseling History The largest and oldest association of nonprofit credit counselors is an association that was originally founded as the National Foundation for Consumer Credit, and later changed their name to the National Foundation for Credit Counseling. Groups that exist as members under the National Foundation for Credit Counseling (NFCC) are [...]
- Dear Credit Counselors, You Are Your Own Worst Enemy.
I’m frustrated. For the life of me I can’t understand why credit counseling continues to look at debt settlement as the enemy. The anger and desire to kill the solution seems to be opposite of what a charitable industry should be trying to do. The other day over a delicious Cracker Barrel lunch I was [...]
- NFCC Offers Tips on Protecting Consumers’ Identities During the Holidays Don’t Let the Grinch – or Anyone Else – Steal Your Identity
The following is a press release from the credit or debt world. The publication of this release by this site is not an endorsement of the release. Silver Spring, MD (Vocus) December 10, 2010 Identity theft is a problem any time of the year. While consumers are focused on giving during the holidays, the crooks [...]
- National Foundation for Credit Counseling (NFCC) – Scam, Complaint, Review, or Praise?
Please share your experience with this debt relief association 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 association. Here are [...]
- National Foundation for Credit Counseling – 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 [...]
- CareOne Sends Notice to NFCC That They Should Comply With FTC Rules
Here is a copy of the letter that CareOne sent to the National Foundation for Credit Counseling yesterday asking them to comply with the new FTC telemarketing sales rules. Apparently both ACCPros and AICCCA received the same letter. August 31, 2010 Susan C. Keating President and CEO National Foundation for Credit Counseling 801 Roeder Road, [...]
- Debt Settlement Trade Group Blaming New York Activists for Debt Settlement Legislation But Banks Were In On It As Well
Interesting messages floating around about the Debt Settlement Consumer Protection Act of 2010. At least one debt settlement trade group is trying to vilify the creators of this legislation by saying the bill was secretly drafted by New York based liberal activists. But the major drivers of this bill appear to be primarily D.C. based [...]
- I’m Up to My Ears in Debt. – Nathan
Nathan wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- 2009 NFCC State of the Credit Counseling and Financial Education Sector Address
Below you will find the presentation given by Susan Keating of NFCC regarding the state of credit counseling in the United States. I was pleasantly pleased to find the NFCC talking about possibly leaving the door open to pursue offering debt settlement in the future, efforts to regulate the debt settlement industry, and an admission [...]
- The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, and Bankruptcy.
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 [...]
- Disturbing and Potentially Deceptive Move by Credit Card Industry. HelpWithMyCredit.org
It what certainly feels like yet another self-serving action by the credit card industry, Bank of America, Capital One, Citi and Discover Card, as well as the payments networks MasterCard and Visa have launched a new website HelpWithMyCredit.org that misleads consumers. What appears to be even worse, is that a CNN personal financial reporter that [...]