Sometimes the strangest stories come out of the simplest questions. In this case it was an inquiry about National Foundation for Credit Counseling (NFCC) agencies in Connecticut. From the NFCC credit counseling agency locator page for Connecticut there were 25 agencies listed. So having some time to kill, research ensued. But what was perplexing was …
One of the options you can use to get out of debt is a Debt Management Plan (DMP) from a non-profit credit counseling agency. These groups can organize many of your unsecured debts into one monthly payment that consumers make to the agency. It is then divided up and sent along it’s merry way to …
It’s always nice to see groups in the debt relief industry come together for the greater good. Effective in the early hours of 2016, two trade groups, mostly representing credit counseling organizations, decided to merge to become something bigger and better. The Association of Credit Counseling Professionals, Inc., known as ACCPros, and the Financial Counseling …
Let me be perfectly clear here, while this article is about a job posting from Trinity Debt Management, I’m not beating up on them. It’s just that their job posting is a good example to help consumers understand the reality of nonprofit debt help. And look, I totally understand the back office issues of needing …
Recently a couple of statements from people I know inside the debt relief industry have struck me. It seems there is a general lack of understanding why it is getting harder to sell debt relief services. Some blame the Consumer Financial protection Bureau (CFPB) for cracking down and some blame me for writing about the …
It seems some property owners of a development in Belize, named Sanctuary Belize, have taken concerns and matters into their own hands and launched a critical website for property owners there. The only reason those of us in the debt world should be interested is because whoever did the research and documentation of concerns, really …
Hummingbird Credit Counseling and Education has filed suit against Attorney General Eric Holder, Department of Justice, and Executive Office of United States Trustee. This suit asks for a declaratory judgment and injunctive relief. This case caught my attention because it’s not often you see a credit counseling company suing the USA and it appears this …
Last week Debt Management Credit Counseling sent out the press release below. Two things struck me as a bit odd about it so I emailed the company to ask for clarification. As of yet I’ve not heard back from them so I’ll just publish the release and my observations and if they ever respond, I’ll …
In my first article in this series I outlined many benefits you get from working with a credit counseling agency. But there are also drawbacks to enrolling in a DMP (debt management plan) in order to get credit card payment relief. And the concerns are not minor, which is why the word WARNING is capitalized. …
As part of my junk mail program a reader sent in a recent copy of a letter they say they received from CareOne that has a very fit picture of founder Bernie Dancel on it. There is only one big problem, the domain name listed on the bottom of the letter, CareOneInfo.com, isn’t actually owned …