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When Bad Debt Advice Hides Behind Good Advice

I just saw a Houston Texas TV story about Suzanne Black, an elderly 70 years old woman involved with a nonprofit debt management company, Money Management International. She paid $63,000 over the last five years with their help to get out of debt. While this may sound all fine and good on the surface, I …

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Money Management International Gobbles Up Clearpoint Credit Counseling Solutions

All I’ve got to say is I never saw that coming. Money Management International consuming Clearpoint Credit Counseling in a merger. Here is what I’ve learned from public sources. Money Management International – new organization will utilize both MMI and Clearpoint tradenames. Christopher Honenberger, chief executive officer of Clearpoint, announced his plan to retire in …

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Can Consumers Count on the NFCC to Find the Right Credit Counseling Agency?

Sometimes the strangest stories come out of the simplest questions. In this case it was an inquiry about National Foundation for Credit Counseling (NFCC) agencies in Connecticut. From the NFCC credit counseling agency locator page for Connecticut there were 25 agencies listed. So having some time to kill, research ensued. But what was perplexing was …

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Money Management International Accused in Kick-Backs in Class Action Settlement

Now here is something you don’t get to witness often, if at all. Apparently there is a bit of disturbed blood milling about in the credit counseling world right now. In just doing some routine checking on activity I came across a very, very odd letter from the Association of Independent Consumer Credit Counseling Agencies …

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Student Loan Alliance Teaches Credit Counselors What About Student Loans?

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 …

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Should I Go With Money Management or Novadebt Like My Credit Card Company Suggested? – Rhonda

“Dear Steve, I have one credit card card with 12,000 then another with 8,000 with 15% and a store card with 2,000 paying out about $550 a month was considering debt consolidation because the finance charge on the $8,000 is $108 a month. I have looked at so many companies and i can’t decide. One …

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