Richard Burnett of the Orlando Sentinel recently wrote an interesting piece about the realities of modern non-profit credit counseling and how they need help. With demand dropping, existing credit counseling agencies are scrambling to find new avenues of income. Credit counseling agencies are turning to trying to sell student loan assistance and one agency reports …
In what comes as no big surprise, the consolidation of the credit counseling industry continues. This time with a big announcement from two players whose merger will create the second largest credit counseling organization. “CredAbility and ClearPoint Credit Counseling Solutions announced on Oct. 1 that they have agreed to merge their two organizations, effective December …
Student Loan Alliance put out a press release earlier this week talking about the training they were giving credit counseling agencies in order to deal with student loan problems. Student Loan Alliance says the credit counseling agencies that participate in their approach and training are The participating organizations are: Consumer Credit Counseling Service of Greater …
“Dear Steve, In February 2009, I entered into a Debt Management Plan with CCCS of Greater Atlanta. I contacted CCCS of Greater Atlanta, now CredAbility, today and requested documentation of those six deposits and the disbursement of same. I received by e-mail a document indicating that $2,057.00 was received and $2,057.00 was disbursed to my …
I’m aware of a recent big effort by CareOne Debt Relief Services to change their logo and branding. Personally I thought the old one was just fine but whatever. I didn’t realize until just now how much their new logo looks like the logo for the credit counseling group CredAbility. I wonder how many focus …
Most of my debt is 90k in a HELOC, and $10k in our home equity loan at the same bank, 27k in 3 PLUS loans for my older daughter, $12k for one auto loan and $13k for the other. Real estate tax is $5k/year, condo/community fee about $2600. We purposely used the line of credit …
“Dear Damon, My husband was unemployed for a year and a half and we fell behind with our bills. If we could deal with the credit card bills, we could get back on our feet. Right now, we’re behind because my husband is woring in anouther state and we have to pay for housing there …
A tipster (send in your tips here) just sent this in and pointed out the news yesterday in the Atlanta Journal-Constitution that said the non-profit credit counseling group CredAbility has laid off 70 employees due to a reduction in funding and consumer demand for debt relief services. CredAbility grew with the economic collapse. In 2007, …
On May 25, 2011, Consumer Credit COunseling Service of Greater Atlanta filed suit against a debt relief company in Iowa named CreditAbility. It seems CCCS of Greater Atlanta, who goes by the name CredAbility took exception to the similarly named debt relief provider, CreditAbility. In July 2005 CCCS of Greater Atlanta filed a trademark application …
Please share your experience with this debt relief company and provide your review and feedback, in the comments section below. The goal of this page is to allow people to share information that may be important to help others to make a more informed decision regarding their experience with this debt relief company. Here are …