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Why People Have a Tough Time Shopping for Debt Help

The Federal Reserve Bank of Philadelphia published a paper by Stephanie Wilshusen which made some very enlightened observations about why consumers struggle with getting out of debt. In the paper, “Meeting the Demand for Debt Relief” it describes the options available to borrowers who seek assistance in managing their debts and discusses the information and … Read more

Credit Card Debt Consolidation Paying People to Join Debt Management and Debt Settlement

A reader sent me in a questions about a recent press release put out by Credit Card Debt Consolidation. The reader said “Don’t the UDMSA regulations and a number of states prohibit incentives and rebates for debt relief programs?” I’ll let the debt relief industry readers answer that one. I did notice their home page … Read more

Nonprofit Credit Counselors Now Paying People to Join Debt Management Plan

A New Horizon Credit Counseling Services has engaged in a new approach to landing consumers for their debt management program, pay them. According to A New Horizon Credit Counseling Service they will enroll consumers into their debt management plan for free and give them $100 for joining. A New Horizon Credit Counseling Service calls this … Read more