We give a lot of basic money management advice, but nothing is more essential than our most basic rule: you have to have a plan. That might mean a spending… read more →
We recently linked to the FTC’s advice for consumers who are “Knee Deep in Debt,” which includes a recommendation that consumers seek credit counseling if necessary. In giving this advice,… read more →
It’s been well-known for years now that participation in a Debt Management Plan (DMP) doesn’t have any impact on your credit score. Of course, the full picture is more complicated… read more →
When people hear the phrase “debt negotiation,” they may make incorrect assumptions about how debts are often handled. The Debt Management Plan (DMP) that results from some credit counseling sessions… read more →
It might be helpful to offer a quick history of credit counseling in order to understand what “CCCS” means. The NFCC (National Foundation for Credit Counseling) was created in 1951.… read more →
When a debt collector (not the original creditor) contacts you about an unpaid debt, we always recommend starting with a debt validation letter. Under the Fair Debt Collection Practices Act… read more →
The less you know about credit cards, the more you will pay, especially if you are a woman. A study from the FINRA Investor Education Foundation showed that women with… read more →
