DEVIOUS WAYS OF THE NON-PROFIT DEBT COUNSELORS
NON-PROFIT DEBT COUNSELOR
I want to say that if you are going to go to a non-profit Debt Counselor, take your calculator so you can run the numbers yourself.
I recently had a lady that has $50,000 in credit card debt, about 10 of them were Store Cards and 1 was a Discover card. She went to the non-profit [...]
WHO DO THE CREDIT COUNSELORS WORK FOR?
WHO SHOULD YOU TRUST? A while ago, I wrote an article that talked about the objectives of for-profit and non-profit companies. The non-profit companies are there to help the community and the for-profit companies make money to share with the stock holders and owners. One would think then that if the Consumer [...]
The Senate Investigation Into The Non-Profit Consumer Counseling Programs (Part 1)
With a 45% pay cut from the banks and credit card companies, the non-profit debt consolidation companies (consumer credit counseling companies) panicked and decided to come up
with ways to make up for the damaging pay cuts:
The first month’s payment to the debt consolidation never went to the client’s creditors. Instead, the debt consolidation company kept [...]
The Senate Investigation Into The Non-Profit Consumer Counseling Programs (Part 2)
THE SENATE INVESTIGATION INTO THE NON-PROFIT CONSUMER COUNSELING PROGRAMS (PART 1)
Previously, I had mentioned that the banks and credit card companies were paying the non-profit consumer credit counseling companies 15% of what they collected. Then, they reduced the amount to 8% and this caused the non-profit companies to search for a solution to their 45% [...]
The Senate Investigation Into The Non-Profit Consumer Counseling Programs (Part 3)
THE SENATE INVESTIGATION INTO THE NON-PROFIT CONSUMER COUNSELING PROGRAMS (PART 1)
THE SENATE INVESTIGATION INTO THE NON-PROFIT CONSUMER COUNSELING PROGRAMS (PART 2)
What else did the non-profit debt collection companies do to make up for the 45% pay cut that was given to them by the banks and credit card companies?
So far, they had kept the first [...]