Credit Counseling
As more Americans seek help for serious debt problems, a new generation of credit counseling companies are exploiting their customers’ vulnerabilities and leaving them deeper in financial trouble. Despite their promises of “debt relief,” these new agencies often harm debtors with bad advice, deceptive practices, and excessive fees. Some “non-profit” credit counseling agencies are performing like profit-making enterprises, reaping high revenues and paying their executives exorbitant salaries. |
NCLC Special Reports and Press Releases
- Comments of CFA and NCLC re proposed Interim Final Rule on Application Procedures and Criteria for Approval of Nonprofit Budget and Credit Counseling Agencies and Approval of Providers of a Personal Financial Management Instructional Course by United States Trustees, September 5, 2006, PDF (120KB)
- Comments: on Uniform State Laws (NCCUSL) Uniform Debt Management Services Act, March 2006, PDF (34KB)
- Reports and Releases Archive (2003-2005)
Consumer Information
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Surviving Credit Card Debt Workbook |
and NCLC