BNET Business Dictionary
Business Definition for: Debt Counseling
- a service offering advice and support to individuals who are financially stretched
Additional Resources
- American Bar Association approves uniform act on debt counseling
- Four uniform acts, dealing with issues ranging from the oversight of debt counseling services to a new statute on the titling of motor vehicles, were approved last week by the American Bar Association's House of Delegates at its Midyear Meeting in Chicago. Each uniform act was drafted and approved by...
- Research articles 2006-02-22
- Debtor must complete counseling before filing Chapter 13, rules U.S.
- A debtor was not eligible for Chapter 13 bankruptcy status when he did not complete required debt counseling prior to filing his case, the U.S. Bankruptcy Appellate Panel for the Eighth Circuit held. The counseling provision is mandated by the Bankruptcy Abuse Prevention and Consumer Debt Act...
- Research articles 2006-02-27
- Wright State University Student-to-Student Debt Counseling Termed Unique in American Higher Education.
- Byline: Wright State University DAYTON, Ohio, Sept. 9 AScribe Newswire -- Students at Wright State University are counseling fellow students on debt problems in a program termed unique in American higher education. The Wright Financial Path started last spring as a pilot...
- Research articles 2003-09-09
- Bankruptcy Vs. Credit Counseling: What Should I Do?
- Credit Counseling and bankruptcy are both ways to relieve the stress of debt. However, they are very different and it is important to understand both before making a decision as to which is best. Credit counseling is a program designed to help those who are in a state of debt...
- White papers
- Factorial and discriminant analyses of the underlying factors that predict customer retention in the debt management plan
- In the past decades, the credit counseling industry has experienced steady growth due to the increased needs of consumers who are overwhelmed with debt (Christopher, Timmons and Cady, 2001). The services of credit counseling organizations focus on debt management plans DMP, and they also provide other services such as financial...
- Research articles 2007-01-01
- New Study Affirms Value of Credit Counseling
- A study released in March 2002, documented a significant improvement in consumers' borrowing and payment behavior in the years following their receipt of credit counseling. . The results provide statistical evidence that credit counseling has a positive impact on many borrowers, and will bolster the appeals for additional funding by...
- White papers
- What to Expect From Credit Counseling
- Debt and credit counseling is available nationwide. Counselors can help you analyze your credit report and educate you on how to repair credit. Counselors work with your creditors to lower or eliminate interest, payments and late fees on credit cards and to put an end to harassing collection calls. Consumer...
- White papers 2003-01-01
- Study Reveals Value of Debt Management Education
- It's not unlikely in the current environment of rising mortgage interest rates, that one could find it difficult to make ends meet - especially if one has an Adjustable Rate Mortgage ARM. But if one thinks that he is going to slip, before he actually does, he should get some...
- White papers 2006-07-03
- Consumer advocates concerned on bill for-profit credit counseling in
- A bill that would allow for-profit credit counseling agencies to do business in Maryland has passed a state Senate committee, to the alarm of consumer advocates.In the past, Maryland has blocked for- profit groups from counseling those seeking help to eliminate debt. But, proponents of the measure have argued that...
- Research articles 2006-03-09
- Consumers Should Be Wary of Credit Counseling Services, Regulators Say.
- By Brian Louis, Winston-Salem Journal, N.C. Knight Ridder/Tribune Business News Oct. 14--People with high debt and credit problems should be wary of credit-counseling organizations that charge high fees and promise to "help you get out of debt easily," state and federal ...
- Research articles 2003-10-14
- Agnew Launches Multilingual Debt Resolution Web Site for Bayley & Associates
- WESTLAKE VILLAGE, Calif.--BUSINESS WIRE--July 15, 1999-- Agnew Tech-II designed and launched an interactive bankruptcy and debt resolution Web site for Bayley & Associates. For a modest fee, http://www.bknow.com will allow users to obtain a review of their financial affairs, counseling on available options and recommendations as to whether...
- Research articles 1999-07-16
- Turmoil Among the Debt Counselors
- The credit counseling industry is being pressured from several sides as more consumers seek assistance and card issuers and other lenders continue to cut the money they pay counseling agencies to assist debtors. To make matters worse‚ recent press reports have given the industry a black eye. The stories suggest...
- White papers 2003-01-01
- Consumer Credit Counseling Services: Should You Use Them?
- More and more people are turning to credit counselors to help them get out from under a mountain of debt. Some consumers are finding out the hard way, however, that not all credit counselors are created equal. One so called "Non-profit" counseling agency pockets a person's first month's check, which...
- White papers
- NFCC Applauds FTC's Recommendations for Consumers Seeking Debt Assistance
- SILVER SPRING, Md. -- The National Foundation for Credit Counseling NFCC, the nation's largest and longest serving non-profit credit counseling network, applauds the Federal Trade Commission FTC for providing consumers with a "Must-Do List" - enabling them to recognize legitimate credit counseling organizations from those who have deceived and defrauded...
- Research articles 2005-03-31
- Consumer Advocates Push for Regulation of Nonprofit Credit-Counseling Agencies.
- By Eileen Ambrose, The Baltimore Sun Knight Ridder/Tribune Business News Nov. 14--Thousands of Americans in debt over their heads are turning to nonprofit credit counseling agencies to help them avoid bankruptcy and return to solvency. But for many that move is leading...
- Research articles 2003-11-14
- New bankruptcy law's require consumer credit counseling
- The saying drowning in debt is applied to people whose finances are out of control. For credit counseling agencies, there soon may be a new saying, drowning in debtors. With the new Bankruptcy Abuse Prevention and Consumer Protection Act BAPCA requiring all debtors filing Chapter 7...
- Research articles 2005-10-26
- Nonprofits Merge to Form Largest Full Service Credit Counseling Agency
- Business Editors HOUSTON--BUSINESS WIRE--July 30, 2001 Money Management International MMI Monday announced that it has completed a merger with Phoenix-based Consumer Credit Counseling Services CCCS Southwest. MMI is now the largest full service credit counseling agency in the United States, helping nearly 70,000 clients worldwide repay more...
- Research articles 2001-07-30
- Debt Adjusting
- Debt adjusting means the making of a contract, express or implied, with a debtor whereby the debtor agrees to pay a certain amount of money or other thing of value periodically to the person engaged in the debt adjusting business who distributes the same among certain specified creditors in accordance...
- White papers 2003-09-08
- Understanding Credit
- There are two ways to pay for something you buy. One way is to pay immediately by giving the seller cash or a check, the other payment is to use "credit" which is usually in the form of a credit card or store credit. Credit allows the consumer to buy...
- White papers 2003-01-01
- Debt And The Risk Of Bankruptcy
- If your debt situation has not yet reached a point of no return, credit counseling and debt management may be the best option for you. There may be other alternatives to going bankrupt which can also help people in serious debt to make a fresh start. How can you avoid...
- White papers 2006-12-08
