It's beginning to look like it doesn't help debtors in any way. It merely becomes an administrative burden.
More Quotes from Travis Plunkett:
They've done nothing, absolutely nothing. The credit card industry has an enormous amount of power in Washington. They bottle these bills up.Travis Plunkett
The bill simply doesn't balance responsibility between families in debt trouble and the creditors whose practices have contributed to the rise in bankruptcies.
Travis Plunkett
The law has a one-size-fits-all approach, ... It treats people who have been hit by hurricanes in the same fashion as people who have ended up in bankruptcy from gambling or overspending or misusing the credit they were given.
Travis Plunkett
The golden rule is, Don't wait too long. Talk to them as soon as possible. Be very clear on what the source of the financial trouble is and tell them you want to work it out.
Travis Plunkett
Taking on debt to accumulate savings is an obvious contradiction. It seems more like a clever marketing ploy than a legitimate method for increasing savings.
Travis Plunkett
Your credit report is your passport to your essential financial information. Increasingly, what's in your credit report determines whether you'll get credit and how much you'll pay for it.
Travis Plunkett
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