Hello Again to all my faithful readers who
understand the merits of living a debt free life.
I came upon an extremely interesting article
on Examiner.com. It is rare for a financial writer to really
understand the ins and outs of how the banks really operate
to keep you enslaved. But, the article I found by Jerry Troyer,
gets it. After doing his homework, he discovered first hand that
the relief offered by the banks when a consumer calls directly
with a hardship, are woefully inadequate to allow the consumer
to meet their payment obligations.
Additionally, he discovered that many banks, when
contacted by distressed consumers who cannot afford anything
the banks offer them, in terms of relief, transfer the call
directly to a CCCS! That’s “Consumer Credit Counseling Service”.
Mr. Troyer says he has finally come to realize that the non-
profit agencies are agents of the banks. Hallelujah!! How totally
refreshing to see a financial writer get it.
The article goes on to say that that he has come to learn
that the banks pay the non profits for every dime they collect.
This is absolutely true and has always been true.
Here is the full article: Examiner Article. It is well worth reading.
If you need debt relief, and want to know all your
options, by counseling with people who really get it,whether
debt management, debt settlement or an
alternative debt relief program that really works
then visit: American Debt Enders.
While visiting our website please feel free to subscribe
to this newsletter by simply leaving your email address.
Written By:
Steven Ciantro
Member National Association of Certified Credit Counselors
American Debt Enders
help@americandebtenders.com
877-766-2465
Great post! I’ll subscribe right now wth my feedreader software!
By: LnddMiles on July 21, 2009
at 10:24 pm