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Posts Tagged ‘ counseling services ’

Debt Counselor Dangers

Dec 2nd, 2008 | By Rob | Category: credit card debt

The USA Today has an article about the dangers of paying for debt counseling through unreputable agencies that have, apparently, proliferated on the internet.
American culture has grown up with Get Rich Quick! schemes, and now that society is facing a severe debt problem, some believe that the solution is the Get Out of Debt Free! [...]



Credit Card Counselors Find Average Net Worth of Clients Negative

Jun 23rd, 2008 | By Rob | Category: credit card debt

Atlanta-based Consumer Credit Counseling Service released an interesting statistic as part of an article about its housing counselors in the Atlanta Journal-Constitution:
“In 2007, the average client’s net worth was $23,569; today, that number is a negative: -$48,095.”
It would be interesting to know what caused that dramatic decline in net worth.  Are clients waiting longer before [...]



Credit Card Debt Support Groups

Jun 16th, 2008 | By Rob | Category: credit card debt

The Wall Street Journal had an article last week about the growing popularity of support groups for those with credit card debt problems.  It points to several online discussion forums and in person organizations that provide financial advice and moral support to individuals trying to turn their credit card problems around.  Although support organizations have [...]



Credit Card Counseling Services: For Profit or Non-Profit?

May 20th, 2008 | By Rob | Category: credit card debt

Pennsylvania is currently considering expanding the offerings from credit card counseling services allowed in the State of Pennsylvania. Nonprofit organizations run the show currently - but some are arguing to allow profit companies to step in and help consumers try to lower and reorganize their credit card debt.
Maryland is considering a similar proposal - [...]



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