Latest Posts
Home > Tag Archives: credit counseling (page 2)

Tag Archives: credit counseling

Greenpath Pays Credit Counselors More

Screen Shot 2012-07-19 at 5.01.29 PM

A reader forwarded me a link to a site called Glassdoor where people can do salary searches for specific jobs by salary or opening. The results are kind of interesting. If you sought to be paid the most as a credit counselor, according to Glassdoor, the last place you want to work is Arizona Federal Credit Union. The highest paying ... Read More »

    The Truth About The Success Rates, Failure Rates and Completion Rates of Credit Counseling, Debt Settlement, Bankruptcy, and Debt Consolidation Loans

    Screen Shot 2012-06-22 at 9.09.06 AM

    This is a story that I’ve been working on for a few weeks. I’ve been asking people and groups for feedback and information to write this but what I’ve run into, is a wall. I have received some feedback from groups and people that don’t wish to be publicly identified to protect themselves but what I have learned has been ... Read More »

      If U.S. Court Bankruptcy Video Can Say Debt Settlement Is an Option, Why Can’t Credit Counseling?

      US Court Bankruptcy Video

      I was watching a video put out by the Federal Judiciary on the U.S. Courts site and was surprised when I saw they U.S. Courts listing debt settlement as an alternative to bankruptcy. The list also includes credit counseling, working with creditors (reduction in payments), and selling assets or debt consolidation loans to satisfy debts. What struck me is that ... Read More »

        I Need to Take Out a Payday Loan to Cover My Credit Counseling Payment

        Ready to Collapse

        im currently on a debt management plan of 100 per month but needed to take a payday loan out to cover my self for the month but when my payday comes i wont be able to pay both. unless i get it exended till next payday or do you think dexter bell would add this to my current dmp then ... Read More »

          I Went Into Debt as a Single Mom. – Theresa

          “Dear Michael, I went into large amounts of credit card debt as a single mom. I divorced when my house was worth $50,000 more than it is now. I insisted with my ex to keep the house so my kids can graduate in the same house. Once the youngest graduated, I lost a lot of equity and couldn’t sell the ... Read More »

            Less Than Full Balance Plans and the Problems They Create for Credit Counselors

            Ready to Collapse

            For many years debt relief plan providers, such as nonprofit credit counselors, and debt settlement service providers, have been seen as two separate and distinct structures in the debt relief services industry. These two sides of the industry have often been at odds with one another. While debt settlement providers have never come together as a unified voice to slam ... Read More »

              Refunds Now Being Sent To Victims Of Express Consolidation Debt Management Services

              Four years after the Federal Trade Commission (FTC) filed a case against Randall Leshlin and his debt management services company, Express Consolidation, the FTC is mailing out refund checks to almost 3,000 consumers across the country that fell victim to worthless debt management services. The reimbursement stems from a February 2009 contempt finding against Florida attorney Randall L. Leshin, and ... Read More »

                All About Cambridge Credit Counseling Corp.

                Ready to Collapse

                Company Name Cambridge Credit Counseling Corp. Owners/Managers Christopher A. Viale, President & CEO Thomas W. Hebert, Chief Financial Officer Tracy Guay, Clerk Of the Corporation Physical Street Address 67 Hunt Street Agawam, MA 01030 Contact Information 1-800-CAMBRIDGE (1-800-226-2743) [email protected] Website Description of Services Provided Cambridge Credit Counseling Corp. is a 501(c) 3 non-profit credit and housing counseling agency. All ... Read More »

                  Deceitful Debt Relief And Mortgage Operation Shut Down

                  A United State district court has shut down two related operations who apparently failed to provide promised debt relief services and jeopardized clients’ privacy by at the Federal Trade Commission (FTC)’s request. Apparently one firm charged consumers a $1,495 up front fee for a mortgage relief assistance program that was never given as well as tossing personal information into unsecured ... Read More »

                    Wanna Know a Secret About the Debt Relief Industry?

                    Ready to Collapse

                    As modern and clever as we might feel here on the bleeding edge of history there is one cold hard fact I can’t ignore, these are still the dark ages of the debt relief industry. Let’s just take a broad look at the current state of affairs: Nonprofit Credit Counselors: The credit counseling world is as tied to creditors and ... Read More »

                      I Can’t Afford My Debt Settlement Program Anymore and Want to File Bankruptcy. – Tony

                      “Dear Lewis, I am currently enrolled in a debt settlement plan but i am unable to make the payments due to losing one third of my income in the last 10 months. I went with a law firm and they wanted 2875 up front took 3 months to pay that they just settled my ist account for half but i ... Read More »

                        I Have Questions About Entering a Debt Management Plan With MMI. – Jennicka

                        Ready to Collapse

                        “Dear Steve, Thank you for your site. I’m at a precipice and need your help. I am employed making $130,000 a year with $76,000 in debt, with mortgage and school tuition monthly payments of $3200 a month not including utilities, car/home maintenance etc. My husband has been laid off since May and with the credit card rate increases it is ... Read More »

                          Does Credit Counseling Have a Fiduciary Duty to Mention Ethical Debt Settlement to Consumers?


                          Yesterday a commenter on my article Dear Credit Counselors, You Are Your Own Worst Enemy made a very interesting comment that raises a number of questions. The comments had been flowing between what appeared to be people from credit counseling and debt settlement when the issue was raised that credit counseling groups should have a fiduciary duty to the people ... Read More »

                            Debt Relief industry Trends, June, 2011 – Credit Counseling, Debt Settlement, Bankruptcy

                            Credit Counseling June 2011

                            In what has turned into a regular report from this site, here is the next installment in my forecast for the debt relief industry. The extension of consumer credit remains weak. Delinquencies and defaults are dropping and sometimes, as Discover announced recently, to historic lows. Credit Counseling Demand Sources inside credit counseling are reporting continued declines in new debt management ... Read More »

                              Credit Counseling North Carolina


                              Credit Counseling North Carolina Here in North Carolina, like many other states the availability of finding good credit counseling assistance is confusing. People need help trying to figure out where to turn for help but who can they trust? Where do they look for help? Not all help is innocent. In the past year the North Carolina Attorney General has ... Read More »

                                Get My FREE Get Out of Debt Guy Newsletter

                                I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.You can unsubscribe at any time with just one click.After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.

                                I promise to keep your email safe and secure.