I was watching a video put out by the Federal Judiciary on the U.S. Courts site and was surprised when I saw they U.S. Courts listing debt settlement as an alternative to bankruptcy. The list also includes credit counseling, working with creditors (reduction in payments), and selling assets or debt consolidation loans to satisfy debts. … Read more
In my roundup of ads on the internet I came across this one by CRS Financial Services on Craigslist. So let’s take a look if the statements are supported and what their website says. The first thing I noticed when visiting their website at crsfinancial.net was they have their physical address readily visible. That’s a … Read more
Cambridge Credit Counseling announced the release today of the agency’s latest edition of its Learn Now or Pay Later guide to financial literacy. The project was underwritten with grant funding provided by Chicopee Savings Bank’s Charitable Foundation, in recognition of the community education initiatives conducted by Cambridge throughout Western Massachusetts. According to Cambridge’s president and … Read more
How can you determine what debt relief option is the right fit for a given set of cash flow limitations. The 3 options that people typically seek outside assistance with are Debt Management Plans (DMP), Debt Settlement Programs, and Bankruptcy. There are benefits and drawbacks to each option. Companies and people selling you a specific … Read more
This is actually a picture of the UFS building that a reader sent in previously. The Florida Attorney General just made a big announcement concerning the non-profit credit counseling group United Financial Systems. This is a company that we first announced was likely to implode back in August of 2010. Unfortunately the economic impact caused … Read more
New news out about Florida based Elimidebt Management Systems seems to indicate the West Virginia Attorney General is none too happy with them or Thomas Roland, the guy behind DebtWave Credit Counseling and Coastal Credit Solutions. After looking at the Elimidebt website it appears they are trying to steer people away from bankruptcy and into … Read more
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 … Read more
United Financial Systems is a non-profit credit counseling group I’ve written about previously, click here. The end came quickly for United Financial Systems, run by Christopher Boulahanis, and resulted in people losing money or at the very least still waiting for promised refunds that have yet to arrive. The Sun Sentinel is reporting United Financial … Read more
As modern and clever as we might feel here on the bleeding edge of history there is one cold hard fact I can’t ignore, these are still the dark ages of the debt relief industry. Let’s just take a broad look at the current state of affairs: Nonprofit Credit Counselors: The credit counseling world is … Read more
I’m happy to announce today that both consumers and debt relief companies will now have FREE access to debt relief industry compliance, regulation, and legislation resources. This site module for the GetOutOfDebt.org site will give site visitors fee access to be better informed and educated about debt relief industry regulations. In this module you will … Read more