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Debt Management Plan Providers Need Budget Advice to Stay in Business

We are creeping up on nearly two decades of account fee restrictions for nonprofit debt management plan providers. The counseling groups fought hard and heavy in the early 2000s to limit the fees they could charge consumers for budget advice and debt management plans. For example, in 2003, the State of Maryland enacted The Debt …

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I Have $150K in Credit Card Debt. What Should I Do Now?

Question: Dear Steve, Heavy CC debt -150k. Debt resolution or debt management? All seem like scams.. any good companies? Chris Answer: Dear Chris, The debt is the byproduct of choices and decisions that were made previously. There is a need to better understand how you wound up in this position, how it is going to …

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Inside Scoop From Creditors on Debt Relief Plans Like Credit Counseling and Debt Settlement

The Consumer Financial Protection Bureau (CFPB) released a very interesting report that paints a very different position on debt settlement than you might hear from say a credit counseling agency. While non-profit credit counseling agencies may talk down for-profit debt settlement companies, creditors seem to be embracing them. According to the CFPB, it appears a …

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Choosing a Debt Management Plan? Here are 9 Things You Should Know.

The majority of Americans carry some sort of debt — and many of them struggle with it. According to an analysis from The Urban Institute, 71 million Americans had debt in collections in 2017. If you have so much debt that you feel you’ll never see the end of it, you may need to enroll in …

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Do Seniors Need Debt Settlement or Debt Management?

By Eric Olsen HELPS Nonprofit Law Firm Whether you’re relaxing in front of the TV set or working in front of the computer screen, it’s hard to miss advertisements for so-called “debt settlement” and “debt management” companies. Both claim to offer relief from debt. Both like assuring they can, “get you back on your feet …

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Quick and Easy Fix for Your Failed Trust Deeds

Trust Deeds are a legally binding agreement in the UK between you and your creditors to make set repayments over a period of four years. At the end of this period, your unsecured debts would typically be written off. When they work, with all repayments made, Trust Deeds are an effective tool for helping people …

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Macklock National Credit Alleged Consumer Frustrated Discover Sued Them

I’m sharing my story out of pure frustration and I don’t even know where to start. First off I’d like to remain anonymous if you choose to share my story as I am still unfortunately dealing with Macklock. While trying to find more information on Macklock I came across your website and this is why …

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Sanctuary Belize Story Takes Unexpected Twist And Becomes The Reserve Belize

Sanctuary Belize has nothing to do today with debt relief but it did have a strong past with Andris Pukke involved. You can read all the past stories on the Sanctuary Belize saga. I’m posting this story just to update those who have followed along with the allegations and claims made about Pukke directing money …

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Should I Settle My Debt or Work With a Debt Management Firm to Pay My Debt?

Question: Dear Steve, I was laid off & late in my pregnancy when my job closed. I was on disability then when I finally went back to work I fell and went back on disability, over 7 months behind of my bills. Is it better to settle my debt on my own or should I …

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