The credit-counseling industry is in complete turmoil, ... Our fear is that the little-known agency the Trustee's office charged with approving the credit-counseling agencies to offer this requirement might unintentionally approve agencies that were not up to speed.
More Quotes from Travis Plunkett:
By almost every measure, consumers are paying far too much for credit insurance. The research shows very clearly that credit insurance is a very bad value.Travis Plunkett
Credit card lenders are luring consumers onto a minimum-payment treadmill. Consumers don't have the information they need to get off of it.
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
Most issuers waited until at least mid-2005 or later. Credit-card companies should have started implementing this guidance a long time ago. They should have done so very gradually ... That hasn't happened. But we haven't been flooded with complaints, either.
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
We support credit counseling, especially if it's delivered early, and this is not early intervention. This is late intervention at the point where people have decided that bankruptcy is the only way for them. We just wonder whether this kind of late intervention will be helpful to too many people.
Travis Plunkett
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Based on Topics: Business & Commerce Quotes, Fear QuotesBased on Keywords: credit-counseling, little-known, unintentionally
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