Travis Plunkett
Travis Plunkett
people prefer telephone
Some people prefer telephone counseling. Some people prefer in-person counseling.
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.
ground hit people prison safety sink slip
We're going to see people in a debtor's prison without walls, ... They'll essentially slip through the safety net, hit the ground and then sink into an underground economy.
approach fed fee five hit increasing large number past people taken time tired traps
People are just fed up with the approach that the large credit-card issuers have taken over the past five years. They're fed up with an increasing number of traps and tricks. They're tired of being hit with a fee every time they blink.
fresh impact large number ordinary people
They'll never get a fresh start, ... And over the long haul, this can have a significant impact on the economy, if a large number of people can't get back to being ordinary consumers.
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.
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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.
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.
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.
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shouldn't have to jump through hoops to get bankruptcy relief.
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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,
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It's kind of like the wild west out there.
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.