Sentences with phrase «credit counseling companies claim»

In the debt relief world debt settlement and credit counseling companies claim bankruptcy prevents people from getting jobs and that's why...

Not exact matches

Beware of credit counseling or debt management companies who claim themselves to be a non-profit institution when in actually, they are far from being one.

Most of these companies claim to help consumers by doing two things: (1) removing harmful credit entries that are dragging down the person's score, and (2) counseling the consumer on the responsible use of credit.

While true credit counseling services do exist, it has also turned into something as a catch - all term to describe companies that claim to offer consumers some form of debt relief.

So, not all credit counseling agencies claiming to be legitimate really are so it is very important to make sure the company you are going use is a member of one those organizations.

The primary consumer protection problem areas that have given rise to the States» actions include: (1) unsubstantiated claims of consumer savings; (2) deceptive representations about the length of time necessary to complete a debt relief program; (3) misleading or failing to adequately inform consumers that they will be subject to continued collection efforts, including lawsuits, and that their account balances will increase due to extended nonpayment under the program; (4) deceptive disparagement of consumer credit counseling; (5) deceptive disparagement of bankruptcy as an alternative for debtors; (6) lack of screening and analysis to determine suitability of debt relief programs for individual debtors; (7) the collection of substantial up - front fees so the debt relief company gains even if it fails to perform; (8) lack of transparency and information for consumers as to payment of fees, status of accounts, and communications with creditors; (9) significant delays in active negotiation or engagement with creditors, coupled with prohibitions on direct consumer communications with creditors; and (10), in the case of debt settlement companies, basing savings claims (and settlement fees) not on the original account balance, but on the inflated amount due (including late fees and default rates of interest) at the time of settlement.

The claims made by a private credit counseling company, however, may not be protected by law.

Notable mandates: principal negotiator and senior legal counsel to the Algonquins of Ontario in ongoing treaty negotiations in a land claim that covers most of eastern Ontario, including the nation's capital, and in which more than 1.2 million people reside; representing USW Local 2251, the largest local union at Essar Steel Algoma Inc., in the Algoma CCAA restructuring; two significant insurance coverage appellate victories, Urbanmine Inc. et al v. St Paul Fire and Marine Insurance Company et al and Royal & Sun Alliance Insurance Company of Canada v. Intact Insurance Company; acting for North American Fur Auctions, successor to the original Hudson's Bay fur trading business, in connection with the amendment, restatement and re-syndication of a credit facility to include Export Development Canada; acted for La Caisse Centrale Desjardins du Québec with respect to credit facilities to finance the construction of a highrise condominium complex containing an affordable housing component