When Bad Debt Advice Hides Behind Good Advice

I just saw a Houston Texas TV story about Suzanne Black, an elderly 70 years old woman involved with a nonprofit debt management company, Money Management International. She paid $63,000 over the last five years with their help to get out of debt. While this may sound all fine and good on the surface, I … Read more

Should Credit Counseling Be Removed From Bankruptcy?

Question: Dear Steve, My question is about credit counseling courses. What are the chances this bill will pass and credit counseling done away with? Don Answer: Dear Don, I believe you are referring to a proposed bankruptcy law that would adjust the current bankruptcy law and do away with the requirement for bankruptcy credit counseling. … Read more

An Open Letter to The National Council On Aging “Please Stop”

“Dear Mr. Knickman and the Board of Directors of the NCOA: My Name is Eric Olsen, Executive Director of HELPS, a national 501 (c) nonprofit law firm that assists lower-income and poor seniors. I am writing concerning a topic of grave concern where the NCOA may be providing harmful information to seniors. Your website makes … Read more

Golden State Debt Management Advertisement is Not Awesome

A tipster (send in your tips here) sent in an alleged image of an advertisement that appeared on Facebook. The advertisement is purportedly to be from Golden State Debt Management. The ad presents an issue with the recent crackdown by Google on debt relief industry advertising. The new Google policy is apparently designed to only … Read more

Inside Scoop From Creditors on Debt Relief Plans Like Credit Counseling and Debt Settlement

The Consumer Financial Protection Bureau (CFPB) released a very interesting report that paints a very different position on debt settlement than you might hear from say a credit counseling agency. While non-profit credit counseling agencies may talk down for-profit debt settlement companies, creditors seem to be embracing them. According to the CFPB, it appears a … Read more

Choosing a Debt Management Plan? Here are 9 Things You Should Know.

The majority of Americans carry some sort of debt — and many of them struggle with it. According to an analysis from The Urban Institute, 71 million Americans had debt in collections in 2017. If you have so much debt that you feel you’ll never see the end of it, you may need to enroll in … Read more

The CFPB Wants to Hear Your Opinion About Debt Relief and Credit Cards

The Consumer Financial Protection Bureau (CFPB) has published this request for information regarding the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act or Act). Additionally, they are looking for feedback regarding debt settlement programs as well, the appropriate section of the request says, “How are the practices of for-profit debt settlement companies … Read more

Damian Kutzner Spills the Beans and Shares Advice on His Way to Prison to Help Protect Consumers in Debt

At one time Damian Kutzner was living the debt relief high life. He had participated or even concocted the mass joinder mortgage elimination scheme at the height of the real estate meltdown. A large number of good people believed the sales hype. The end result was a couple of attorneys who are suspended, a couple … Read more

Well That’s Interesting – Debt Collector Offers Credit Repair and Credit Counseling

Here is a recent press release from Riptide Recovery who is branching out from collecting money from consumers to offering credit counseling services. It is an interesting position that they have special expertise because they are debt collectors who engage in litigation and judgments. – Source It might just be a tough hurdle to persuade … Read more