7 Shocking (and Costly!) Facts About Consumer Credit Counseling


(NOTE: This information refers to credit counseling other than what is required for bankruptcy pre-filing credit counseling. Talk to the Fonfrias Law Group for approved agencies.)

SHOCKING FACT #1: Credit counselors work for your creditors, not for you. A former Assistant Attorney General for the state of Texas said this about Consumer Credit Counseling Services:

"I think that consumer credit counseling service is intrinsically deceptive. They're funded or incorporated by the very people they are truly representing...not the consumer/debtor but the creditors trying to collect the money. I think they're a con; they pitch themselves as serving the consumer's best interest but they don't. Their promotion practices are deceptive and the consumers are being grossly misled. If they were lawyers, they'd get disbarred! Representing one party and acting for the other? Come on! Think about it! If lawyers won't get involved in an enterprise like Consumer Credit Counseling, you know it must be bad."

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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