They Help Families Who Owe Too Much – Credit Counseling 1966

Another look back in the history of credit counseling and debt relief help. After you read the article, be sure to check the original publication date at the bottom to see how many decades these same problems have been a problem for consumers. What is interesting is how credit counseling in 1966 would engage in … Read more

A New Way Out of Debt

A New Way out of Debt In a growing number of cities, businessmen are getting together to offer a helping hand to those in financial hot water. Condensed from Empire: Murray Teigh Bloom In the fall of 1960 the world seemed about to collapse around Billy and Marilyn Simmons of Phoenix, Ariz., and their two … Read more

Those Schemes to Help You Pay Your Bills

Another article as part of my research into the history of debt relief. I’ll let you read the article and try to guess what year this was written. You’ll find the answer at the bottom. Those Schemes to Help You Pay Your Bills Some are on the level, some are rackets. How they work, and … Read more

“Debt Adjustment” – Meanest Racket Out

“Debt Adjustment” – Meanest Racket Out by Murray Bloom “Get out of debt.” “Restore your credit without a loan.” “We can help you even if you’ve been turned down by everyone else. ” In the past two years these and similar slogans have lured thousands of desperate Americans and Canadians into one of the meanest … Read more

Why Running to the Attorney Model for Debt Settlement Seems Like a Bad Thing to Do for the Attorney

Debt settlement companies right now are “running” to find lawyers to front their operations or to be the service providers of debt settlement services because the debt settlement industry feels attorneys are going to be exempt from the new consumer protection law. Let’s see specifically what the Debt Settlement Consumer Protection Act says about this. … Read more

New Regulations to Restrict Debt Settlement Forms Becomes Law, Now.

Last year Attorney General Blumenthal in Connecticut fought to get new laws in place to protect consumers from debt settlement and debt negotiators that charge consumers and up-front fee to settle debts. The law has the following provisions: Obtain a Connecticut debt negotiators license and file a surety bond Not refer to state licensing or … Read more