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Tag Archives: credit counseling

Confess your credit woes to put them behind you

Erica Sandberg

After two decades in the money and credit management world, I’ve heard more debt sins than you can possibly imagine. So much anger and self-loathing. “What have I done; what’s wrong with me?” Years ago, I was a credit counselor.…
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Lengthy wait for debt repayment plan hurts struggling debtors

Fred Williams

Overwhelmed by credit card debt, you call a nonprofit credit counseling service for help. Here’s what happens: You spill the details of your income, debts and resources. The counselor helps you draw up a budget and pitches a repayment plan…
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CEO paid $1.7m for helping hard-pressed debtors

Fred Williams

In the corporate world, where he began his career, Ivan Hand’s $1.7 million paycheck for 2013 wouldn’t be remarkable for a top executive. But he leads a nonprofit that gets much of its income from struggling debtors.
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Nonprofit agencies should open their books

Fred Williams

Oversight of credit counseling should mean more than preventing outright rip-offs. Debtors should know their odds of success at different agencies. And self-serving management practices shouldn’t be allowed to continue for years behind a regulatory screen of privacy.
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Credit counselors peering over ‘fiscal cliff’

Fred Williams

A proposal to cap charitible tax deductions could put a squeeze on nonprofit credit counseling services at a time when more people need financial help.
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