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Hey Credit Counseling It’s Coming. The No Fairshare Debt Management Plan.

Over the past year there has been more talk from people about rolling out a 0% fairsahre debt management plan. Fairshare is the money creditors “contribute” to non-profit credit counseling groups. It’s a percentage of funds collected from consumers and returned to their creditors. In the mid-1990s the fairshare percentage was 15% of all funds …

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Citibank Closes Credit Counseling Call to Action Program

A notice just out to credit counseling groups was sent in by a great tipster (send in your tips here). Apparently Citibank, an initial supporter of the NFCC and Consumer Credit Counseling Service program called Call to Action, is terminating their participation. An email sent out to AICCCA members says: Due to resource limitations and …

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When Are NFCC Call to Action Debt Management Plans Going to Be a Reality? – Eric

“Dear Steve, As of 14 months ago I was grossing $100K/yr, now $42K, I have $51K in CC debt, i am not late/delinquent but it is inevitable, I am down to $1100 bal on a broken down car, $355/mo payment has 3 mo left. I have $7500 in 401K, 44 yrs old. Was able easily …

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Call to Action Debt Management Plans Rolling Out Slowly. May Benefit Consumers Looking to Repay.

For years I have been emphatic that in a credit counseling or debt management repayment plan, it isn’t the interest rate reduction alone that is important, people need to get their monthly payments reduced. That’s more important. New “Call to Action” debt management plans (DMPs) offer low or no interest rates to people who can …

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