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You’re in Debt: 9 Terms to Know

The Kaplan Group

Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. They can refer you to counselors in your area that provide financial reviews and help you determine a plan for dealing with your debt. Debt Settlement Services.

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Freedom Debt Relief Sued for Misleading Consumers

Debt Free Colorado

Offers for debt settlement and debt repayment plans often sound too-good-to-be-true. According to the Consumer Financial Protection Bureau “a U.S. ” “Freedom took advantage of vulnerable consumers who turned to the company for help getting out of debt,” said CFPB Director Richard Cordray. .”

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Freedom Debt Relief Review

Better Credit Blog

It’s also a platinum member of the International Association of Professional Debt Arbitrators. Focused on protecting and helping consumers. In 2010, the company helped to establish Federal Trade Commission rules to ban abusive debt settlement practices and protect consumers.

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5 Best Credit Repair Companies – Updated April 2022

Better Credit Blog

Typical problems arise from: Bankruptcies : Declaring bankruptcy can resolve short-term problems while also creating long-term credit issues. Tax liens : Whether local, state, or federal, a tax lien from the government can put a huge dent in your credit profile for the foreseeable future. What can credit repair companies not do?

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New rule would eliminate medical debt from credit reports

Collection Industry News

In 2022, the three largest credit bureaus — TransUnion, Equifax and Experian — started removing paid medical debts from consumerscredit reports. FICO® and Vantage Score, the two major credit scoring companies, have also decreased the degree to which medical bills impact credit scores.