A tipster (send in your tips here) sent me a fee schedule from the non-profit credit counseling group Military Debt Management Agency (MDMA) in Florida. The reader was concerned that this non-profit 501(c)3 IRS approved charity that is supposed to be helping military members and general consumers was taking advantage of those with federal government …
InCharge Debt Solutions, and Orlando based non-profit credit counseling agency, just put out a press release that brags about how their telecommuting program benefits the environment. It even included a neat little infographic which you can see below. “Improving our employees’ quality of life and job satisfaction were enough for me,” said Ms. Money from …
The Federal Trade Commission has been kicking debt relief butt recently. They’ve been closing down bogus outfits almost faster than I can write updates about them. The latest is a company a reader and tipster (send in your tips here) alerted me about. I then made a secret shopper call you can listen to. See …
As a student of debt history I’m probably one of those odd geeks that spends time reading outdated and arcane material about consumer debt and debt relief activities.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 …
The Federal Trade Commission has taken action against a debt relief lead generator, who we’ve written about before, that appears to have made false statements about the effectiveness and efficacy of debt settlement, bankruptcy and credit counseling. As you will read, the statements made to induce consumers into debt settlement and credit counseling (debt management …
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 …
All of a sudden, people that have debt management accounts with the nonprofit credit counseling group A New Horizons Credit Counseling Services, are freaking out. Where did the company go? Why aren’t they answering the phones? Where is my money? In one respect the situation is feeling much like another implosion of a nonprofit credit …
I keep seeing information around the web by credit counseling companies saying that enrolling in a credit counseling program does not hurt your credit score. I believe the reason they say this is because the enrollment into the credit counseling program is not viewed as a negative entry in the calculation of the credit score. …
On one hand you have to applaud the most recent release from the National Foundation for Credit Counseling. One thumb up. On the other hand it comes across as simply just more denial about the disturbing lanscape that faces narrow niche nonprofit credit counselors. The NFCC survey was an online poll conducted on the NFCC …
Today I got an email from USA.gov that struck me. The email made it seem as if credit counseling could help rebuild credit. That a no-no for credit counseling to avoid or run afoul of the CRedit Repair Organizations Act. I’ve covered that here. The email USA.gov sent out linked only to National Foundation for …