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IRS Yanks Nonprofit Status of Credit Counseling Agencies

The IRS has just posted a public update on the nonprofit credit counseling agencies that have recently lost their 501(c)3 tax status from the IRS. The companies named lost their nonprofit status in April and early May, 2012. They include: Budget Right Debt Management, Inc. Lake Mary, FL 4/9/12 Budget Right Debt Management, Inc. Maitland, … Read more

My Parents Sent Me to CreditGuard of America. – Ray

“Dear Steve, I’m a freelance photographer. I was laid off from my job in 2008 and started freelancing shortly there after, as well as assisting another photographer. I moved in with a friend but was unable to pay him rent for the first 8 months or so. I owe him for that ($4500 approx). As … Read more