Finally. I can’t believe it has taken so long for a credit counseling group to make the leap to include a savings component to a debt reduction approach. Historically credit counseling groups directed every possible dollar they could towards creditor payments to make the creditors happy. And it is one thing to include a savings …
Consumer Education Services Inc. (CESI) announced today that CEO Michael Croxson will be a speaker covering Financial Inclusion at the upcoming LendIt Fintech USA 2018 conference April 9-11 in San Francisco. The LendIt Fintech conference is the world’s leading event in financial services innovation, and features more than 5,000 attendees, 1,000 investors, 600 banks and …
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 …
I received the following email which, if accurate, would support the concerns over some companies sending out consolidation loan offers only to switch them into debt settlement programs. Tipster says: “I worked for [ ] company for a few months and quit because I could not sell how they wanted me to. I have worked …
Not that long ago I wrote The Future of Debt Relief is Artificial Intelligence and Job Loss and talked about future changes in the debt relief space. Today we have some feedback from Mike Morency of Peregrin Services who actually holds patents in the field of debt relief processes and artificial intelligence (AI) processing. Mike’s …
It’s been more than 10 years since I had the first conversation about automating processes in the debt relief industry and while artificial intelligence (AI) has not made the magical inroads that has always been promised, it’s coming. If you subtract out the telemarketers from the debt relief process what you are left with is …
I was asked recently what I thought of the product Liberty Aid was promoting. So I turned to Michael Bovee for his opinion. Here is Michael had to say. Back when I first started out in the debt relief industry, there were books, and fringe websites circulating about how “federal reserve notes aren’t money”, or …
I’m not even going to pretend to know what it is like on the front lines of a legal practice in America. I’m not an attorney. But it must be tough because good attorneys keep falling for the rope-a-dope pitch from some debt relief companies to put their law license on the line. Vito Torchia, …
The United States Courts offered some more bad news to bankruptcy attorneys who are already struggling for business. Yet bankruptcy attorneys are staring at the golden goose here if they could just get in the student loan defense game. Massive opportunity is sitting right in front of bankruptcy attorneys but they just won’t bite. According …
All I’ve got to say is I never saw that coming. Money Management International consuming Clearpoint Credit Counseling in a merger. Here is what I’ve learned from public sources. Money Management International – new organization will utilize both MMI and Clearpoint tradenames. Christopher Honenberger, chief executive officer of Clearpoint, announced his plan to retire in …