Much has been written
about "the truth of bankruptcy." However, I have yet to
read anything anywhere about "the truth about consumer
The fact of the matter
is that consumer credit counseling (CCC), for the most
part, does not work. They cannot get any better results
than you can do calling your creditors directly. Many
times they charge fees even though they claim to be "not
for profit." Further, they get "kick-backs" from your
creditors every time you pay. I can't tell you how many
times clients, after paying thousands and thousands of
dollars in CCC, and not getting anywhere, finally come to
see us for some real debt relief.
For more information on
the risks involved with CCC, click
here to read
Credit Counseling, an article that appeared in the
Fall 2003 issue of the National Consumer Law Center's
newsletter, Outlook (this article is available
through the permission of the NCLC; copyright 2003
National Consumer Law Center).
It may be helpful to
you to come up with some hard numbers that tell you how
much you are spending and that help you decide whether
you should pay off your debt or save that
The two calculators
below will assist you in making those calculations.
Simply click on the appropriate link.
much am I spending?
I pay off debt or invest in savings?
* Phone 716-664-2889