Warning: Todays Non Profit Credit Counselors Are Yesterdays Bill Collectors!
Here's a dirty secret, today's "non profit credit counselors" are often just front organizations paid lucrative commissions by creditors to keep consumers from declaring bankruptcy!
In the "debt collection biz", creditors will sell your outstanding debt along with the debt of hundreds of others to a collection agency for cash up front.
The collection agencies will work this debt until they've made all the money they can.
Then they'll keep selling this block of business to whomever will buy it.
This explains why you can stop being pestered by a bill collector for a while then a completely different bill collecting psychopath will start calling your house or sending you threatening letters out of the blue when you thought they were finished.
The Fair Credit Reporting Laws have put some damper on their crude activities, as have the bankruptcy laws.
But yesterday's bill collectors have gotten wise.
If people go bankrupt, the creditors get virtually nothing.
So why not figure out a way to get people to voluntarily pay much more than they would otherwise by going through bankruptcy?
So today, yesterday's bill collectors often masquerade as "non profit credit counselors".
Business must be good for these "non profits" because they're out on the internet paying $10 per lead for potential debt consolidation clients!
Their "come on" to the consumer is "Don't declare bankruptcy! It will RUIN your credit and cost you money! Use our FREE service instead."
There's no such thing as a free lunch of course.
What unsuspecting consumers DON'T KNOW is that using these services may ruin their credit anyway.
And these "Free Services" are being paid handsome commissions on every dollar the collect from you!
Then they report exactly what they've done to the credit reporting firms and potential creditors in the future MAY consider you a potentially WORSE candidate than a formerly bankrupt person because if they extend you credit and you fall on hard times again, you stil have the option of going through bankruptcy!
Learn your rights.
It's possible for ordinary people with a computer and printer to use the law to "lick bill collectors with a stamp!"
Without giving up your privacy, without having a credit counseling firm "rat" on you, it's possible to achieve the same results that others have used expensive attorneys to achieve - when you know your rights!
Cleaning your credit report is something you can do.
Paying off debts for pennies on the dollar is something you can do.
Educate yourself at sites about free credit repair techniques like http://www.CreditRepairDude.com ... and beware today's Bill Collector Wolves in Non Profit Sheep's Clothing!
About The Author
Chuck Huckaby is a freelance writer in Lawrenceburg, TN USA and publishes http://1stHowToWorkAtHome.com and http://www.CreditRepairDude.com
 Google News Updated : Thu, 24 Jul 2008 00:51:42 GMT Angels' bats loom large in victory over Indians - Los Angeles Times
Los Angeles Times - Normally tepid offense produces season highs in runs and hits (19). Jeff Mathis, Howie Kendrick and Casey Kotchman combine for 13 hits, Francisco Rodriguez gets 42nd save and team ups West lead to 10 By Bill Shaikin, Los Angeles Times Staff Writer The ... Mathis drives in six; Angels hold off Tribe in wild slugfest Angels pound Laffey, slam Mastny, in ripping Indians, 14-11 Publ.Date : Thu, 24 Jul 2008 00:05:36 GMT Microsoft refunding gamers, Games for Windows Live goes free - Ars Technica
Ars Technica - By Frank Caron | Published: July 23, 2008 - 07:06PM CT PC gaming wasn't a huge factor at this year's E3, but it seems that Microsoft was merely biding its time before making its big moves to try and perk up the waning PC gaming market. Microsoft Drops Player Fees On Games For Windows Live Unangst: GFW Live Has Full Game Download Plans 'On The Roadmap' Publ.Date : Thu, 24 Jul 2008 00:17:11 GMT "Dark Knight" beats total of previous Batman film - Reuters
Reuters - By Dean Goodman LOS ANGELES (Reuters) - After just six days of release in North America, the new Batman sequel "The Dark Knight" has grossed more domestically than its predecessor did in its entire run, distributor Warner Bros. Video: 'Dark Knight' Sets Weekend Box Office Record 'Dark Knight' may be summer's highest-grossing film Publ.Date : Wed, 23 Jul 2008 23:19:56 GMT Google unfurls less laughable Wikipedia - Register
Register - By Cade Metz in San Francisco → More by this author Back in December, the search engine cum world power announced an anyone-can-edit online encyclopedia it insists on calling Knol, and this morning, with a post to The Official Google Blog, ... Google Launches Knol, The Monetizable Wikipedia Google opens Knol website, a wiki with bylines Publ.Date : Wed, 23 Jul 2008 23:46:16 GMT "Bad Girls" mind-set, Pierson and Parker a volatile mix - WNBA - ESPN ESPN - By Mechelle Voepel What does it take to light up a tinderbox? Just a spark. Or in the case of the Detroit-Los Angeles scuffle with 4.6 seconds left of a WNBA game Tuesday, it was a Spark. WNBA reviewing fight between Detroit, LA players Don't make Mahorn the bad boy in WNBA scuffle Publ.Date : Wed, 23 Jul 2008 23:15:40 GMT US House Approves Fannie-Freddie Bill by 272-152 (Update1) - Bloomberg
Bloomberg - By Brian Faler July 23 (Bloomberg) -- The US House of Representatives approved legislation designed to shore up confidence in Fannie Mae and Freddie Mac and stem the record surge in mortgage foreclosures, sending the bill to the Senate. Video: House OKs Rescue for Homeowners, Freddie, Fannie US mortgages: Bush relents on veto threat to Fannie and Freddie ... Publ.Date : Wed, 23 Jul 2008 23:37:49 GMT Genetic Cause of Statin-Related Muscle Pain Found - Washington Post
Washington Post - By Ed Edelson WEDNESDAY, July 23 (HealthDay News) -- British researchers have discovered a genetic variant that causes some people who take cholesterol-lowering statins to have the muscle weakness called myopathy. 7 Reasons Not to Dismiss Statin-Caused Pain Discovery may boost statin safety Publ.Date : Wed, 23 Jul 2008 21:59:27 GMT Increased Website Traffic |
PARLOT::Ebooks, Scripts,
Websites, and more... Sometimes life lands you in a situation that causes your... Read More Identity theft is the fastest growing crime in America. According... Read More Joint debts remain joint debts.Both spouses signed a legally binding... Read More Thinking of applying for a credit card with a reward... Read More "Erase Bad Debt !""Remove Negative Items From Your Credit Report"You've... Read More Like It Or Not, You Have A Score To Settle!... Read More YOU SCRATCH MY BACK, AND I'LL BUY SOME MORE BEER!Let's... Read More Credit scores are the most important aspect that determines your... Read More Most of us want a good credit report to obtain... Read More Keep Your Credit History Clean - Remove A Negative Credit... Read More Identity theft is a growing concern among Americans, and rates... Read More If you find that creditors are calling you almost daily... Read More Here are some useful tips on borrowing money. Borrowing money... Read More I AM THE CONSUMER. AND I HAVE LOW-RATE SUPER-POWERS!Note: The... Read More If you are in danger of credit problems because you... Read More The first time I heard the term credit history was... Read More Your credit rating / credit score is based upon how... Read More In my previous article "Establishing Credit ? What You Need... Read More The recent security breach at credit card processor CardSystems Solutions... Read More The next time you open your credit card statement, take... Read More You've just opened your credit card bill and attached to... Read More Establishing credit and wisely managing your credit becomes easier when... Read More Ever wondered what is Credit Counselling? There are occasions when... Read More Do you know the costs associated with your credit card?... Read More In their quest to get you to sign up for... Read More
Adsense
websites
Credit Cards For People With Bad Credit Scores
Minimize your Risk for Identity Theft
Important Things to Know About Divorce and Credit
Which Business Credit Cards with Reward are the Best?
Credit Repair Scams
Like It Or Not, You Have A Score To Settle!
SuperCharged Secret 4, Credit Card Utopia
Credit Score: The Brightest Feather In Your Financial Cap
Good Credit Is a Necessity for Everyday Living
Credit Scores and Loan Applications
Identity Theft ? Guard Your Childrens Social Security Numbers
Credit Problems? Heres How to Manage Your Creditors
Useful Tips on Borrowing Money
SuperCharged Secret 1 of 5 - Credit Card Utopia
Credit Repair: How To Deal With Your Creditors
Tackling Bad Credit
Credit Cards Can Help You Get Out Of Debt
Establishing Credit ? What You Need To Know Part 2
Identity Theft ? Monitor Your Credit Report
Avoiding Credit Card Traps
Convenience Can Be Costly
14 Common Credit Mistakes
What is Credit Counselling?
Credit Card Expenses Are Killing Your Budget!
Maximizing Credit Card Rewards
Affordable and Reliable Web Hosting Starting at $4.49/Month
5 Surefire Ways To Eliminate Credit Card Debt
Do you have enormous credit card debt? You are certainly... Read More
Identity Theft : They Got Him
His hard earned money? Gone. Creditors on his back everyday.... Read More
The FICO Score Misconceptions
There are many misconceptions about credit scores out there. There... Read More
Simplifying Your Search For a New Credit Card
Today, selecting the proper credit card can be a bit... Read More
Establishing Credit ? What You Need To Know Part 1
Establishing credit is one of the most important things you... Read More
Finding What is on Your Credit Report
A credit report is basically a file about you kept... Read More
Free Credit Reports: From The 3 Major Credit Bureaus!
Get your credit report online for FREE. Many financial advisors... Read More
Beginners Guide to Credit
I remember back when I was 18 and completely oblivious... Read More
ChexSystems: Who They Are and How it Affects You
ChexSystems is a company that maintains a subscriber membership service... Read More
Give Yourself Credit
The Beginning of the Credit Card EraIn 1951, Diners Club... Read More
Cutting Credit Card Costs
What are the APRs charged by the credit cards in... Read More
Finance - Money, Money
Finance is a big word for some of us. It's... Read More
Identity Theft - Dont Think You Are Immune
As identity theft becomes more prevalent, the need to regularly... Read More
Dealing With and Repairing Bad Credit
Bad credit can be a burden for otherwise good credit.... Read More
Credit Card Debt: How To Control It
A lot of people spend more money than they can... Read More
New Credit Advice: Dont Pay off Those Credit Cards!
Credit needed for real estate mortgage financing differs from credit... Read More
What Does Your Credit Score Tell You?
When you apply for a loan or a mortgage, the... Read More
Types of Credit Cards
There are a whole variety of different types of credit... Read More
Rebuild Your Credit the Right Way the First Time
If you are one of the millions of people out... Read More
Credit Counseling: Could it Work for Me?
In the face of financial hardship, many seeking a responsible... Read More
Ten Steps To Building A Good Credit History
Are you thinking of buying a house? Do you want... Read More
Warning: Todays Non Profit Credit Counselors Are Yesterdays Bill Collectors!
Here's a dirty secret, today's "non profit credit counselors" are... Read More
Credit cards
If gold medals were awarded for marketing consistency, the credit... Read More
Read and Understand Your Credit Card Statement
Have you ever looked at your credit card statement and... Read More
10 Simple Steps to Manage Your Credit
By far the greatest invention the banks have ever come... Read More
Credit |