Welcome to Debt Consolidation
Debt Consolidation Loans With Poor Credit Article
This is a selection made from among articles on Debt Consolidation Loans With Poor Credit. For a permanent link to this article, or to bookmark it for future reading, click here.
You’re in for Disappointment If You’re Looking for Nonprofit Debt Relief Companies
from:In recent years, the Federal Trade Commission (FTC) has slapped fines on numerous fraudulent companies masquerading as nonprofit debt negotiation and debt relief organizations. The promises these companies make are tempting…but consumers who fall for it, hook, line, and sinker, are in for a disappointment.
Claims Made by “Nonprofit” Debt Relief Companies
Nonprofit Services – These organizations make a big show of helping you out of the goodness of their hearts.
Reduce Debt – No matter what type of debt you’ve incurred, these organizations are willing to promise they can reduce the amount of debt by a certain percentage (approximately 10 to 50%).
Better than Bankruptcy – Using frame psychology, these organizations give consumers the choice between do-or-die alternatives: work with them or risk bankruptcy.
No Impact on Credit Rating – Working with a nonprofit debt relief company will supposedly have zero impact at all on an individual’s consumer rating.
What They’ll Ask You to Do
In return, these companies will ask you to pay a specific amount of fee for periodic intervals. For that fee, you can ignore your bills and stop paying your creditors. For that fee, you’ll let them do all the worrying.
The Truth about Nonprofit Debt Relief Companies
Take a step back and ponder carefully on the claims made by these companies. Do they ring true? Do they sound too good to be true? If so, they probably are. These companies might be nonprofit on paper but that doesn’t mean they’re not earning from their clients. They can just as easily overstate their operating expenses to make their balance sheets reflect illusionary break-even margins.
An Example of a Fraudulent Nonprofit Debt Relief Company
Early in 2005, the FTC had filed a complaint against the National Consumer Council, a front group of debt relief and negotiation companies, for deceiving almost 45,000 customers seeking instant freedom from debt. Under the NCC umbrella were other companies with nice-sounding names like London Financial Group and Financial Rescue Services. Falsely claiming that all their clients’ debt problems would be solved simply by depositing money into their accounts and getting their services aggravated the debt situation of their clients instead.
Are There Truly Legitimate Nonprofit Debt Relief Companies?
Yes, although they’re very rare. The best way to personally determine whether a debt relief company’s for real or not is to ask for information from the Better Business Bureau and other similar institutions. They’ll be able to tell you if there are already consumer complaints filed against the debt relief company you plan to transact with.
Debt Consolidation Loans With Poor Credit Specific links
Watch Free Videos At Mevio!
- Tons of Free Videos, Only At Mevio.com
-- http://www.mevio.com/
Marketing Professionals
- Free Web Conferencing Download
-- http://www.managesmarter.com/
Debt Consolidation Loans With Poor Credit News
Bank shares dive as warnings spook market - This is Money
The banking crisis took a nasty turn for the worse tonight, sending shares tumbling on both sides of the Atlantic. Collateral damage: Cash injection would wipe out shareholders. A leading economist said a major US bank will fail in the next few ...
Read more...Corzine to tout federal property tax deduction - Newark Star-Ledger
Tim Larsen/Governor's Office Gov. Jon Corzine at a roundtable discussion on Aug. 11. Gov. Jon Corzine and some federal lawmakers will be touting a federal property tax relief initiative. Corzine plans to join U.S. Sen. Bob Menendez and Rep. Rush Holt ...
Read more...A More Meaningful Default Rate - Inside Higher Ed
The Education Department’s “cohort default rate” — the rate at which student loan borrowers default within 12 to 24 months after they leave college — was initiated in the late 1980s largely to draw attention to institutions seen as preying ...
Read more...Accidentally Into the Loan Wars - Inside Higher Ed
As controversy has swirled around the student loan programs in recent months, there has been much debate — and often confusion — about what colleges must do to ensure that students and their families are getting the fairest and best possible deal ...
Read more...Fed Throws Dollar To The Dogs - 1.45 Next? - DailyFx
répond à toutes vos questions pour des solutions adaptées et personnalisées ! Devis pour votre déménagement Entreprise de déménagement: devenir partenaire easydem.com
Read more...MONDAY, FEB. 12 - Wall Street Journal
An E.coli outbreak that closed some Taco Bell restaurants in December aggravated investor concern about Yum’s sluggish U.S. performance. That said, the fast-food company is going great guns overseas, which helped boost its stock 24% last year. See ...
Read more...Corrections and clarifications - Milwaukee Journal Sentinel
An article Tuesday about Hispanic voters in the Midwest incorrectly identified Phil Walzak. He is a spokesman for Democrat Barack Obama's presidential campaign, not for Republican John McCain's campaign. A quote Tuesday in a Public Investigator ...
Read more...Radio & TV Talk - AccessAtlanta
All the entries posted in October. Tom Joyner’s annual Sky Show comes to the Atlanta Civic Center this Friday with Cameo (“Word Up”) and comic Sinbad. It’s free and seating is open, first come first serve. Some folks will camp out overnight ...
Read more...Burnt Chefs - San Francisco Weekly
Still have people to buy for? Consider these books as last-minute stocking stuffers. James Syhabout, who heads PlumpJack Café's kitchen, is the most measured in his evaluation of CCA — but he graduated in 1999, before the school was purchased by a ...
Read more...A Time to Kill (130) - San Francisco Weekly
The SPCA is struggling to finance a new hospital, and one way to save money is to speed up euthanasia. He's No Angel (61) They once called him a savior who helped people in need. Today, Edwin Parada is accused of taking money from Latinos unfamiliar ...
Read more...