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I’m Worried My Account Was Transferred to Christian Credit Counselors

Question: Dear Steve, Credit counseling service account being moved to another. Here is the email I just received. “Dear JONATHAN , As a valued client of Credit Counselors Corp, we are writing to inform you that as of today, your account with us has been transferred to Christian Credit Counselors, a nonprofit 501(c)(3) credit counseling … Read more

Kentucky Signs Into Law New Tough Debt Adjusting Law That Regulates Debt Settlement Companies and Others

I’ll admit I’m a bit late with this news but on April 13, 2010 Kentucky signed into law a new tough set of rules that regulate credit counseling, debt settlement and foreclosure assistance. FRANKFORT, Ky. — Gov. Steve Beshear was joined today by Kentucky Attorney General Jack Conway as he signed into law HB 166, … Read more

New Jersey Goes After Loan Modification and Debt Settlement Companies. Suits Filed.

Continuing the State’s effort to combat mortgage-related fraud, New Jersey Attorney General Anne Milgram announced today the filing of two new lawsuits charging a total of 10 individual and corporate defendants with selling bogus loan modification services to distressed homeowners. Defendants in the two unrelated cases are charged with collecting unlawful “up-front” fees for loan … Read more