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Disturbing and Potentially Deceptive Move by Credit Card Industry. HelpWithMyCredit.org

It what certainly feels like yet another self-serving action by the credit card industry, Bank of America, Capital One, Citi and Discover Card, as well as the payments networks MasterCard and Visa have launched a new website HelpWithMyCredit.org that misleads consumers. What appears to be even worse, is that a CNN personal financial reporter that …

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Most Debt Advice Suggested is Snake Oil or the Wrong Solution For People In Trouble. Here’s Why.

I’ve been following the conversations on Twitter (@GetOutOfDebtGuy) and watching what others are saying about debt management, credit counseling, debt settlement and bankruptcy and it really has me worried and concerned. I’m a guy that lived through financial problems myself and went bankrupt in 1990. I then went on to found and run a non-profit …

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I Have Contacted CCCS and Money Management International And Was Told They Can’t Help Me. – Josephine

“Dear Steve, I have contacted CCCS and Money Management International and was told my debt/inome ratio would make it impossible to make payment arrangements with citi that I owe $25,000.00. Then I saw a bankruptcy attorney. The bankruptcy atty told me that I have too much equity in my house to go bankrupt and yet …

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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 …

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Michael is Looking For a NFCC Debt Settlement Program

Michael “Dear Steve, I am approx. 30,000 in cc debt.Am cuurrent with payments but future doesnt look so good. Needed money for medical bills and to keep operating my business-excavating. I am looking for a good debt settlement program-is the NFCC something to consider or is there others. Thanks. Michael” Dear Michael, When you mention …

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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 …

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Jeannie Already Went Bankrupt And Is Now With CCCS But Can’t Afford to Feed Her Daughter

“Dear Steve, I have already gone to bankruptcy five years ago. I am currently in credit counseling, however, I do not have enough money to provide food and clothing for my child. I am a single parent not receiving child support, I have no child support judgment. Long story, but I felt it was in …

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