Travis Plunkett
Travis Plunkett
credit gaining interested lucrative market share
What the credit bureaus are most interested in is gaining market share in the increasingly lucrative market for credit scores.
card consumers credit information onto
Credit card lenders are luring consumers onto a minimum-payment treadmill. Consumers don't have the information they need to get off of it.
bankruptcy credit decided delivered early helpful late people point support whether wonder
We support credit counseling, especially if it's delivered early, and this is not early intervention. This is late intervention at the point where people have decided that bankruptcy is the only way for them. We just wonder whether this kind of late intervention will be helpful to too many people.
bankruptcy consumers counseling credit hurdle jump relief
We don't want this credit counseling requirement to be yet another hurdle that consumers who really need bankruptcy relief have to jump over to get it,
balance bill creditors debt families practices responsibility rise simply trouble whose
The bill simply doesn't balance responsibility between families in debt trouble and the creditors whose practices have contributed to the rise in bankruptcies.
absolutely amount bills bottle card credit enormous industry power
They've done nothing, absolutely nothing. The credit card industry has an enormous amount of power in Washington. They bottle these bills up.
credit determines essential financial passport pay report whether
Your credit report is your passport to your essential financial information. Increasingly, what's in your credit report determines whether you'll get credit and how much you'll pay for it.
ability afford beyond bills breaks breathing card companies control counseling credit far minor offer people provide relatively room
If your credit card bills are completely out of control and far beyond your ability to afford them, then the relatively minor breaks that credit card companies offer to people in credit counseling may not provide enough breathing room for some people to afford a three- to five-year debt-management plan.
almost bad clearly consumers credit far insurance paying research shows
By almost every measure, consumers are paying far too much for credit insurance. The research shows very clearly that credit insurance is a very bad value.
bankruptcy credit ended fashion gambling hit law people treats
The law has a one-size-fits-all approach, ... It treats people who have been hit by hurricanes in the same fashion as people who have ended up in bankruptcy from gambling or overspending or misusing the credit they were given.
people prefer telephone
Some people prefer telephone counseling. Some people prefer in-person counseling.
companies flooded gradually guidance time until waited
Most issuers waited until at least mid-2005 or later. Credit-card companies should have started implementing this guidance a long time ago. They should have done so very gradually ... That hasn't happened. But we haven't been flooded with complaints, either.
bankruptcy hoops jump
shouldn't have to jump through hoops to get bankruptcy relief.
kindness west wild
It's kind of like the wild west out there.