Wednesday, April 06, 2005

consumer credit counselors

The testimony stated that credit counseling can provide valuable
assistance to consumers in financial distress, and that many, if not
most, CCAs operate honestly and fairly. Consumers who fall victim to
the types of practices discussed in the testimony, however, “may find
themselves in even more dire financial straits than before,” Leary said.
He concluded that the FTC remains committed to working with its
law enforcement partners to protect consumers against financial fraud
and deception.

credit counseling center

Pay careful attention to the fees an agency charges, the nature of the
services it offers, and the terms of the contract;
Make sure that creditors are willing to work with the agency the
consumer plans to choose; and
Consider using agencies that offer actual counseling and education,
instead of simply enrolling all clients in DMPs.

credit counseling debt consolidation

Leary explained that the FTC has engaged in extensive consumer
education efforts to help protect consumers from credit counseling
and credit repair scams. Most recently, the FTC and the Internal
Revenue Service (IRS) jointly issued tips for choosing a credit
counseling organization. Those tips advise consumers to: