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credit counseling

Thumbnail image for Federal Trade Commission Warns Consumers About Debt Settlement Companies

Federal Trade Commission Warns Consumers About Debt Settlement Companies

April 7, 2010

For the past couple of years, the debt settlement industry has been closely watched by the Federal Trade Commission (FTC). Debt settlement companies attracted this attention because of the high volume of deceptive advertisement they’ve been targeting consumers with. It’s no secret that millions of Americans are struggling with high debt balances, and many debt [...]

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Thumbnail image for Why Most Debt Reduction Programs Fail

Why Most Debt Reduction Programs Fail

February 17, 2010

On the whole, about 3 out of every 4 debt reduction programs started by consumers, professionals and small business owners end up failing.  That is a staggering failure rate.  The reason is these programs are inflexible and don’t allow for the usual ups and downs that people experiencing financial difficulties typically endure. The most commonly [...]

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