Dear Credit Counseling, Times Only to Get Tougher.

Now that the last storm in debt relief is quieting, namely hurricane ‘debt settlement’ that was quelled by the FTC Telemarketing Sales Rules, it has given me an opportunity to poke my head up and take a wide look at the debt relief horizon. And what I’m seeing is concerning. My roots in the debt …

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Citibank Closes Credit Counseling Call to Action Program

A notice just out to credit counseling groups was sent in by a great tipster (send in your tips here). Apparently Citibank, an initial supporter of the NFCC and Consumer Credit Counseling Service program called Call to Action, is terminating their participation. An email sent out to AICCCA members says: Due to resource limitations and …

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Call to Action Debt Management Plans Rolling Out Slowly. May Benefit Consumers Looking to Repay.

For years I have been emphatic that in a credit counseling or debt management repayment plan, it isn’t the interest rate reduction alone that is important, people need to get their monthly payments reduced. That’s more important. New “Call to Action” debt management plans (DMPs) offer low or no interest rates to people who can …

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