I’ve Talked to Two Different Credit Counseling Groups and Not Sure What to Do. – David

“Dear Steve, Having CC debit of total $35,563.82 with 13 CC ranging from $280 to $7900. Having contacted with TakeActionAmerican and Clearpoint these two agency. From TAC’s DMP:$795.42 first payment then $745.42 monthly payment for 4yrs and 8 Months,monthly service fee is $30(included). From CP’s DMP:$895 monthly payment for 4yrs., monthly service fee:$35(included). My current … Read more

Debt Settlement Companies Being Investigated by State of Kansas

Kansas is cracking down on the sales and service of debt settlement services. While tight lipped about who they are specifically investigating, Kevin Glendening, the Deputy Banking Director, has confirmed his office is investigating debt settlement companies. Glendening says, “Companies that I think consumers should avoid are a lot of the ones that you see … 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