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(800) 319-1160
(800) 319-1160

Credit Counseling

Criticism of Credit Counseling

July 22, 2009

In the late 1980s and early 1990s, the number of credit and debt counseling agencies in America increased significantly. An antitrust lawsuit was filed against the NFCC, arguing that the presence of creditors on the NFCC’s Board of Directors constituted monopolistic practices. As a result of this litigation, creditors agreed to fund non-NFCC member agencies as well. Read More

If your credit counselor closes …

April 14, 2009 | Kevin Bowen

It could be a credit-crunching nightmare. Making payment after payment to a credit counseling agency and then being informed that the people you have worked with to arrange your debt plan no longer exists. What happens to your scheduled monthly payments? What happens to your debt management plan? What happens to the deals with your creditors? What should you do? Read More

The Debt Management Plan

March 26, 2009 | Kevin Bowen

When entering into a debt management plan in credit counseling, keep these things in mind.

Credit counseling offers one way for you to settle your debts. Sometimes, in the cases of severe debt, a credit counselor will recommend a debt management plan. Read More

Program results may vary depending upon each client’s dedication to the program and creditor cooperation. Program is not available in all states. Resqdebt does not provide debt consolidation, credit counseling, credit repair, legal or bankruptcy services. The Resqdebt debt settlement program does not assume or pay its clients’ debts. Settlement estimates are based on past experience.