Credit and Debt Blog

(Alexander from Pennsylvania) What is an approximate fee to take a credit counseling course as a requirement to file for bankruptcy?

[Read more →]

When you are looking for an answer to a very specific question, it may sometimes be difficult to find exactly what you are looking for. That is because your situation is unique, and most other situations that you read about are just not the same as yours. Now you can ask your questions directly.

[Read more →]

A hotline has been set up for Ohio residents that need to speak with a credit counselor immediately. The hotline is staffed by trained counselors that are both Accredited Credit Counselors and Accredited Financial Counselors. This should expedite the process for Ohio residents that are seeking debt relief, especially considering the long delays at some [...]

[Read more →]

After years of haggling by both sides, the Maryland state Senate voted to eliminate the nonprofit requirement for credit counseling organizations. If approved by the House of Delegates, it will open the gates for companies looking to profit at the expense of Maryland debtors.

[Read more →]

Students are the primary target of credit card issuers seeking to expand their membership. As evidenced by studies conducted by Sallie Mae, credit card debt held by students continues to rise. A unique program offered at California State University, Chico provides credit counseling to students. It is known as Credit CATS, or Credit Counseling Aimed [...]

[Read more →]

Choosing a reputable credit counseling agency is about to get easier. Consider these tips when deciding which credit counseling agency will best be able to help you improve your financial situation.

[Read more →]

Hawaii residents searching for debt relief find they have few options when it comes to credit counseling. That list got even smaller when the Internal Revenue Service revoked the tax-exempt status of Hawaii Credit Counseling Service in early 2007.

[Read more →]

The quickest way out of credit card debt is to dramatically cut your interest rates. There is no other factor that matters as much as the rate in which your finance charges are compounded. So how do you eliminate credit card debt? Here’s how.

[Read more →]

Credit counseling is marginally effective once all of your accounts have been charged off. The reason is that most of your options are off the table when your accounts are turned over to outside collections. Experienced credit counselors are familiar with multiple techniques and strategies to eliminate credit card debt. Reputable agencies can help you [...]

[Read more →]

The former IRS Commissioner known for scrutinizing many nonprofit credit counseling agencies has now been asked to resign from his most recent post. Mark Everson left the IRS to become President and CEO of the American Red Cross. In as little as 6 months, Everson went from top IRS official to embattled nonprofit executive.

[Read more →]