Posted on March 25, 2010 at 3:32 am what's the relationship between the debt counseling industry and the government

Posted on March 25, 2010 at 3:41 am what's the relationship between the debt counseling industry and the government- Are you asking if the debt counseling industry is sanctioned by the government? The answer is no.

Posted on March 25, 2010 at 4:15 am debt counseling government - if you mean debt counseling as in credit counseling, the government's requirement before filing bankruptcy is for the consumer to undergo credit counseling and so they have this list of court approved credit counseling agencies for the consumer to choose from.

Posted on March 25, 2010 at 5:07 am http://www.justice.gov/ust/eo/bapcpa/ccde/cc_approved.htmis the link to which.

Posted on March 25, 2010 at 5:12 am If you're wondering what to look for in a credit counseling agency - once you've chosen from a list - (according to the BBB): -Before you select a credit counseling agency ask for information on the following: ::: -Are the agency services confidential? ::: -Will they devise a plan tailored to fit your needs? ::: -Are the counselors certified? ::: -Are budget and credit education opportunities offered? ::: -Will your funds be protected? How? ::: -Is the agency accredited? ::: -Aside from BBB membership (www.bbb.org) the consumer should also check its affiliation with the National Foundation for Credit Counseling  http://www.nfcc.org.

Posted on March 25, 2010 at 5:32 am If you mean debt counseling as in debt settlement - it still doesn't have ties with the government. It's an industry run by private companies - under umbrella organizations - that ensure credibility and quality control. So if you're looking for a settlement company, read the ff: -The settlement company's program must have a fast completion time. 12-36 months. -The program must be able to protect and improve the consumer's credit standing. -Must be a member of the Better Business Bureau, BBB, for at least 5 years. -Must also have a good standing with the Chamber of Commerce -A Member of TASC - The Association Of Settlement Companies and the IAPDA or the International Association of Professional Debt Arbitrators

Posted on April 20, 2010 at 5:55 am what's the relationship between the debt counseling industry and the government-- well, the obama administration enacted a bill to stop the creditors unfair practices .. plus, have you heard of that stimulus plan for the creditors? so they'd be more pliant to debt settlements, which they weren't very, in the past ..

Posted on April 21, 2010 at 9:28 am So many credit counselors are non-profit....this means they are audited at times to ensure that their purpose is not to earn a profit, but they are only audited when something suspicious occurs on their taxes that alerts the IRS.  They are not audited if consumers complain about their debt management services, for example. Also, some credit counselors are government certified to offer bankruptcy credit counseling.  This just means they review their budget counseling program for people who are weighing whether they qualify for bankruptcy.  Again, this is not a audit of their debt management plans.