As anticipated, the debt management nonprofit GreenPath has managed to terminate one of the recent lawsuits against it. This one was the case brought in Norton v. GreenPath where the claim was the debt management company was engaged in settling debt. You can read more about that case in the bottom half of this post. …
The folks at Greenpath, the non-profit debt management company, were recently sued. I wrote about that here. Greenpath attempt to get one of the suits dismissed In the Pries-Daniels suit where it was alleged GreenPath was charging fees that did not comply with Georgia law, the Court denied the claim to dismiss the case. I’m …
[Update November 19, 2020 – I heard from GreenPath and they confirmed they do not engage in debt settlement or credit repair as the second suit alleges. I fully expect that suit to be dismissed quickly. The two suits against GreenPath are unfortunate news, not necessarily because of the technical issues that can be resolved …
Question: Dear Steve, A friend of mine is wondering if Greenpath is reputable. Is Greenpath a reputable credit counseling service? Traci Answer: Dear Traci, These kinds of questions are as tough to answer as those that ask if some company is a scam. People have their own definitions of words like reputable or scam. I …
Student Loan Alliance put out a press release earlier this week talking about the training they were giving credit counseling agencies in order to deal with student loan problems. Student Loan Alliance says the credit counseling agencies that participate in their approach and training are The participating organizations are: Consumer Credit Counseling Service of Greater …
A reader forwarded me a link to a site called Glassdoor where people can do salary searches for specific jobs by salary or opening. The results are kind of interesting. If you sought to be paid the most as a credit counselor, according to Glassdoor, the last place you want to work is Arizona Federal …
$26,000 in credit card debt and medical bills piling up since my surgery last year. I lost one income since my surgery and only able to make minimum payment on my credit cards. I have been looking into several credit counseling companies for a week now and I would like to get in a Debt …
After 20+ years of maintaining 720+ FICO scores, my wife and I ran up credit debt of about $15K back in 07 due to some health and employment issues , but this was manageable. We stopped using the cards, began giving them more than the minimum each month and took advantage of 1 year no-interest …
Thanks to a tipster (send in your tips here) I was directed to an article that appeared recently titled Non-profit credit advisers cash in; CEOs earn big as consumers struggle. The article does make some interesting observations that some of the larger non-profit credit counseling groups do pay their CEOs a tremendous amount of money …
This comes straight from a tipster (send in your tips here) who directed me to the site of Cotchett, Pitre & McCarthy. I reached out to CPM for additional information but as of the time of publication I had not heard back. Cotchett, Pitre & McCarthy is continuing its investigation into fraudulent “debt counseling” and …