Does Moran Drexen’s Preferred Creditor Program Create a Problem for Consumers?

Last week new information in the lawsuit between Morgan Drexen and the CFPB brought to light a commission compensated department called the Preferred Creditor Program. You can read that article, here. At least one commenter mentioned Morgan Drexen is not the only company to have such a program. If not, then an industry wide problem … Read more

Creditors Interchange – DIY Credit Counseling Repayment Plan Terms

The following information is designed to assist you to put together a self-directed debt repayment plan with the creditor listed. This information has been obtained from a number of sources and while believed accurate at the time it was posted, it may have changed. However, it is good information to use to get an understanding … Read more

I Was Making Payments to Bank of America and The Charged Off My Debt – Michelle

Michelle “Dear Steve, Back in 2007 I made a payment arrengment with BOA on my credit card. The balance on the card was 3500 but with intrest and fees it had gone up to almost 4700. The payment plan was 100. a month. Then in 2008 my husbands hours got cut and we had to … Read more

Candy Has Concerns About Creditor Interchange and the Settlement Offer – Get Out of Debt Podcast

Here is the latest Get Out of Debt show podcast. Caller Question Candy called and wanted to know if Creditors Interchange, who was offering offering a debt settlement on a Bank of America debt, is a legitimate company. Listen to the Answer Listen to my answer for Candy. You can subscribe to my podcast on … Read more