We both worked at a non-profit consumer
credit counseling company at the time, back in 2003, and we were far from rich, but that didn't stop us from saving.
Not exact matches
Recent legislation and new regulations
at the federal level are affecting both
credit counseling agencies and debt settlement
companies.
Therefore a debt counselor
at a non-profit consumer
credit counseling company or one of the best debt settlement
companies will fully analyze a consumer's financial situation, budget, job situation and many other factors.
Be careful with
credit counseling companies, make sure they are accredited and are a member of the local chapter of the Better Business Bureau (BBB) or
at least do not have any negative reviews with the BBB.
You make one monthly payment to the consumer
credit counseling company, and the
company then dispurses the funds to each of your creditors but
at a reduced interest rate.
At the urging of the Consumer Financial Protection Bureau (CFPB),
credit card
companies,
credit reporting agencies and non-profit
credit counseling agencies are working together to get more people to pay attention to their
credit scores by making the scores easily accessible.
(1) Before executing a contract or agreement with or receiving money or other valuable consideration from a buyer, a
credit services organization shall provide the buyer with a written statement containing: (a) A complete and detailed description of the services to be performed by the credit services organization for the buyer and the total cost of the services; (b) A statement explaining the buyer's right to proceed against the surety bond or surety account required by section 45 - 805; (c) The name and address of the surety company that issued the bond or the name and address of the depository and the trustee and the account number of the surety account; (d) A complete and accurate statement of the buyer's right to review any file on the buyer maintained by a consumer reporting agency as provided by the Fair Credit Reporting Act, 15 U.S.C. 1681 et seq.; (e) A statement that the buyer's file is available for review at no charge on request made to the consumer reporting agency within thirty days after the date of receipt of notice that credit has been denied and that the buyer's file is available for a minimal charge at any other time; (f) A complete and accurate statement of the buyer's right to dispute directly with the consumer reporting agency the completeness or accuracy of any item contained in a file on the buyer maintained by the consumer reporting agency; (g) A statement that accurate information can not be permanently removed from the files of a consumer reporting agency; (h) A complete and accurate statement of when consumer information becomes obsolete and of when consumer reporting agencies are prevented from issuing reports containing obsolete information; and (i) A complete and accurate statement of the availability of nonprofit credit counseling ser
credit services organization shall provide the buyer with a written statement containing: (a) A complete and detailed description of the services to be performed by the
credit services organization for the buyer and the total cost of the services; (b) A statement explaining the buyer's right to proceed against the surety bond or surety account required by section 45 - 805; (c) The name and address of the surety company that issued the bond or the name and address of the depository and the trustee and the account number of the surety account; (d) A complete and accurate statement of the buyer's right to review any file on the buyer maintained by a consumer reporting agency as provided by the Fair Credit Reporting Act, 15 U.S.C. 1681 et seq.; (e) A statement that the buyer's file is available for review at no charge on request made to the consumer reporting agency within thirty days after the date of receipt of notice that credit has been denied and that the buyer's file is available for a minimal charge at any other time; (f) A complete and accurate statement of the buyer's right to dispute directly with the consumer reporting agency the completeness or accuracy of any item contained in a file on the buyer maintained by the consumer reporting agency; (g) A statement that accurate information can not be permanently removed from the files of a consumer reporting agency; (h) A complete and accurate statement of when consumer information becomes obsolete and of when consumer reporting agencies are prevented from issuing reports containing obsolete information; and (i) A complete and accurate statement of the availability of nonprofit credit counseling ser
credit services organization for the buyer and the total cost of the services; (b) A statement explaining the buyer's right to proceed against the surety bond or surety account required by section 45 - 805; (c) The name and address of the surety
company that issued the bond or the name and address of the depository and the trustee and the account number of the surety account; (d) A complete and accurate statement of the buyer's right to review any file on the buyer maintained by a consumer reporting agency as provided by the Fair
Credit Reporting Act, 15 U.S.C. 1681 et seq.; (e) A statement that the buyer's file is available for review at no charge on request made to the consumer reporting agency within thirty days after the date of receipt of notice that credit has been denied and that the buyer's file is available for a minimal charge at any other time; (f) A complete and accurate statement of the buyer's right to dispute directly with the consumer reporting agency the completeness or accuracy of any item contained in a file on the buyer maintained by the consumer reporting agency; (g) A statement that accurate information can not be permanently removed from the files of a consumer reporting agency; (h) A complete and accurate statement of when consumer information becomes obsolete and of when consumer reporting agencies are prevented from issuing reports containing obsolete information; and (i) A complete and accurate statement of the availability of nonprofit credit counseling ser
Credit Reporting Act, 15 U.S.C. 1681 et seq.; (e) A statement that the buyer's file is available for review
at no charge on request made to the consumer reporting agency within thirty days after the date of receipt of notice that
credit has been denied and that the buyer's file is available for a minimal charge at any other time; (f) A complete and accurate statement of the buyer's right to dispute directly with the consumer reporting agency the completeness or accuracy of any item contained in a file on the buyer maintained by the consumer reporting agency; (g) A statement that accurate information can not be permanently removed from the files of a consumer reporting agency; (h) A complete and accurate statement of when consumer information becomes obsolete and of when consumer reporting agencies are prevented from issuing reports containing obsolete information; and (i) A complete and accurate statement of the availability of nonprofit credit counseling ser
credit has been denied and that the buyer's file is available for a minimal charge
at any other time; (f) A complete and accurate statement of the buyer's right to dispute directly with the consumer reporting agency the completeness or accuracy of any item contained in a file on the buyer maintained by the consumer reporting agency; (g) A statement that accurate information can not be permanently removed from the files of a consumer reporting agency; (h) A complete and accurate statement of when consumer information becomes obsolete and of when consumer reporting agencies are prevented from issuing reports containing obsolete information; and (i) A complete and accurate statement of the availability of nonprofit
credit counseling ser
credit counseling services.
The consumer
credit counseling company is who you pay, and they will then disperse the funds to your creditors each month but
at the reduced amount.
Choosing the wrong
credit counseling company can empty your bank account without improving your financial circumstances
at all.
We have aligned ourselves here
at Golden Financial Services with only «A +» BBB Rated Nonprofit Consumer
Credit Counseling Companies.
I looked
at the reviews of several, different
companies and Cambridge
Credit Counseling had a lot of satisfied customers, so I went with them.
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.
At this site consumers will be matched with only non-profit consumer
credit counseling companies that are «A +» rated with the BBB, if debt management is what they qualify for.
Shortly after working
at the non-profit consumer
credit counseling company, Paul realized; consumers often would not qualify for consumer
credit counseling because their payment would be too high, and these people would be forced to file for bankruptcy (the worst option for a person's financial health).
At Golden Financial Services, we have aligned ourselves with the best debt relief options on the market; including «A +» BBB rated consumer
credit counseling companies.
Some
credit counseling and debt relief
companies say bankruptcy should be avoided
at all costs so they can promote their brand of debt help.
Those Front DSCs include
at least the following entities: First Rate Debt Solutions, Expert Settlement Professional, P&E Solutions, Freedom Debt Center, Accredited Financial Corporation, Amber Network Inc., Best Debt Options, Beyond Financial Service, Brite
Credit Inc. (d / b / a Brite
Credit 123), Century Negotiations Inc., Clear Debt Solution, Coastal Debt Solutions LLC, Consumerwise Debt Solutions Inc.,
Counsel 4 Debt Relief, Countrywide Debt Solutions Inc.,
Credit Care Corporation, CreditCare Pro, Debt Help Center USA, Debt National Relief, Debt Reinvestment, Debt Solutions, Debt Erase Inc., DebtPointer Inc., DebtPro LLC, DTS Financial Group, E.A.C. Financial LLC, FBL Associates, Freedom Debt Solutions, Help Settle LLC, Helpsettle.com, Innovative Debt Solutions, Lifeguard Financial, Maximum Debt Solutions, Morgan Stevens Financial Solutions
Company, National Financial Freedom LLC, Nationwide Consumer Advocacy Group, On Track Financial LLC, Personal Debt Systems of America, Princeton Debt Management LLC, Reduce My Debt LLC, Settle A Debt Inc., Settlement Corporation of America, SilverLeaf Debt Solutions, The Debt Answer, The Debt Cure, US Consumer Report, Vision Debt.com and World Debt Solutions.
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