Credit Counseling commercials exploded today.

[onehandle]

I only watch a couple of hours of tv a week. Usually while I'm preparing dinner.

In a half hour of a Simpson's episode I saw two of these commercials.

Credit Counseling is a con run by the credit companies to keep you from declaring bankruptcy. This is a preemptive strike against the coming flood of bankruptcy cases.

F*ckers.

[rox63]

1. I disagree

I used a credit counseling service to get out of debt. Paid off $18,000 in less than 4 years. And my credit rating didn't get trashed like it would have if I'd declared bankruptcy.

[lonestarnot]

3. Credit smedit...just steal an identity... LOL

[onehandle]

10. My post was about the credit card companies.

Not about credit counseling. It does work for some people, but only if they are back on their feet. It's there mostly to con the hopeless debtors into doing what's not best for themselves.

Most people who Should declare bankruptcy cannot repay in as little as four years. Or even ten.

[lonestarnot]

2. Well I hope they all BLOW UP! n/t

[JDPriestly]

4. Vultures

They smell the fresh flesh and are circling for a profit.

[rox63]

5. Most of them are non-profits

At least the reputable ones.

[onehandle]

11. They are paid by the credit card companies.

Their "non-profit" status is a technicality.

CC wouldn't exist if someone wasn't drawing a massive salary.

[tubbacheez]

6. Undermine them. Give out free credit training.

My tinfoil hat is telling me this was one of the reasons the Repubs keep starving our public schools.

[jdots]

7. Wait till these jobs get outsourced. n/t

[KoKo]

8. They just swarmed in like "sharks smelling blood."

But we have to remember that most jobs are in the service industries today and "credit counselling" is a service business. Could be you or I who might have to get trained to work to help people avoid bankruptcy to earn a living in the future. :-(

[KittyWampus]

9. I Am In A Credit Counseling Service Program & ALL Of My $ Goes To

repay my debt.

ALL of it.

I am saving thousands.

[onehandle]

12. I'll bet you have a steady job.

And your debt is below 35k. Small potatoes.

They're happy to help you, but you are likely a small time debtor.

[Generic Guy]

13. Actually if you shop around

there are a couple that are legit. I enrolled in one a couple of years back and about got out of debt. Then came the medical bills and I am looking into going back and starting over again. The one I used was funded by the united way. They lowered all my interest rates and paid all my bills so all I had to do was let them take the money out of my account. And it only cost $25.00 a month to use the service.