Choosing a Debt Management Plan? Here are 9 Things You Should Know.

The majority of Americans carry some sort of debt — and many of them struggle with it. According to an analysis from The Urban Institute, 71 million Americans had debt in collections in 2017. If you have so much debt that you feel you’ll never see the end of it, you may need to enroll in … Read more

Consumer Credit Counseling – Consumer Complaint – October 23, 2013

Consumer Complaint Submission

Consumer Statement: Om October 20-22 2013, www.consumerloans.com out of Washington DC (so they say) was offering me a 5000.00 loan. I looked into them, and they seemed alright. I started the process. It was all normal until they told me to buy a green dot money pack and load it with 200.00. They claimed it … Read more

Consumer Credit Counseling Pros and Cons. My Ultimate Guide to Understanding How Credit Counseling Really Works.

Consumer credit counseling is one of the options people turn to when dealing with debt issues so let’s take an honest look at the pros and cons of the program and what it has to offer. Consumer credit counseling in one form or another has been around as debt proraters, debt lumpers, or debt consolidators … Read more

Consumer Credit Counseling Insider Alleges Corners Are Being Cut to Sell DMP

A tipster (send in your tips here) reached out to me from inside a very recognized consumer credit counseling organization and shared with me their concerns about corners they felt were being cut. I’ll share the comments they shared with me, minus the company name, and I’d love to hear you opinion of how widespread … Read more

Should I Do CCCS vs Debt Settlement? – Dave

“Dear Steve, I am behind on my credit card debt to the tune of $35,000. I’ve looked into different options but I’m not sure if I should go cccs vs debt settlement? What do you think? Dave” Dear Dave, For people that don’t know what CCCS means, it stands for Consumer Credit Counseling Service. These … Read more

We’ve Consolidated Our Debt Over and Over But Continued to Live Beyond Our Means. – Steve

“Dear Steve, Me and my wife both have good jobs. We also both have good credit. We are not behind on anything nor have we ever been late on anything. A couple years ago we consolidated $42,000 dollars worth of credit card debt. Then about a year ago we consolidated about $27,000 dollars worth of … Read more

The American Consumers Nuclear Winter

With so little time before the next presidential election it is a good time to take a quick look at some important issues that are impacting the wallets and purses of the American consumer. Under the Bush administration consumers were significantly harmed by unreasonable and unfair bankruptcy reforms that clearly helped big business, hurt consumers … Read more

Quickies – CCCS Consumer Review, Autos, Cards, Balances, and Debt

When I need a break from answering questions I often take a look for some odd or interesting search terms that people used to find me. Below are some of the latest I saw today that I wanted to provide quick answers to. Steve Search Terms CCCS consumer review – CCCS stands for Consumer Credit … Read more

Consumer Credit Counseling Service, CCCS, NFCC, and National Foundation for Credit Counseling

I often get questions from people asking me about Consumer Credit Counseling Services, also known as CCCS. I thought I’d give you a quick little summary of CCCS and the types of services they offer. CCCS offices are members of the NFCC. The NFCC used to stand for the National Foundation for Consumer Credit but … Read more

Federal Trade Commission Should Allow For-Profit Credit Counseling and Debt Settlement Firms to Assist All Consumers

I understand that the Federal Trade Commission has been looking into regulating the debt settlement industry. I feel the time has come to finally address the needs of consumers for representation in credit counseling and debt settlement matters. I have provided a statement to the FTC in order to support the acceptance and regulation of … Read more

Banks Agree to Wipe Out Up to 40 Percent of Credit Card Debt But Watch Out.

Credit card lenders include Discover Financial Services LLC, Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co., Capital One Financial Corp., American Express Co. and HSBC Holdings have finally come together with the help of the National Foundation for Credit Counseling, Consumer Federation of America and the Financial Service Roundtable to start the process … Read more

Would You Like to Be a Debt Collector?

Recruitment Video For Debt Collectors This recruiting video for a major banks debt collection department is very interesting if you listen closely to the words. I’d suggest that you even consider watching it with your eyes closed. I think you’ll find the video a very interesting approach to try to put a positive spin on … Read more