Comments on: How did consumer credit counselors become a mandatory part of the bankruptcy process? http://raiseyourcreditnow.com/how-did-consumer-credit-counselors-become-a-mandatory-part-of-the-bankruptcy-process/ Wed, 17 Aug 2011 05:23:38 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: rpg http://raiseyourcreditnow.com/how-did-consumer-credit-counselors-become-a-mandatory-part-of-the-bankruptcy-process/comment-page-1/#comment-3828 rpg Fri, 12 Feb 2010 16:20:36 +0000 http://raiseyourcreditnow.com/how-did-consumer-credit-counselors-become-a-mandatory-part-of-the-bankruptcy-process/#comment-3828 Apparently it was the credit CARD industry rather than the credit COUNSELING industry that got this requirement into the 2005 bankruptcy reform law. The credit CARD industry (erroneously) painted a picture of people who file bankruptcy as irresponsible and lacking in financial management skills. (Actually, most people who file bankruptcy have recently experienced one of the following problems: illness, job loss, disability or divorce.) Here is an interesting article by a bankruptcy attorney that touches on this topic: Apparently it was the credit CARD industry rather than the credit COUNSELING industry that got this requirement into the 2005 bankruptcy reform law.

The credit CARD industry (erroneously) painted a picture of people who file bankruptcy as irresponsible and lacking in financial management skills. (Actually, most people who file bankruptcy have recently experienced one of the following problems: illness, job loss, disability or divorce.)

Here is an interesting article by a bankruptcy attorney that touches on this topic:

]]> By: mister ed http://raiseyourcreditnow.com/how-did-consumer-credit-counselors-become-a-mandatory-part-of-the-bankruptcy-process/comment-page-1/#comment-3827 mister ed Thu, 11 Feb 2010 14:17:43 +0000 http://raiseyourcreditnow.com/how-did-consumer-credit-counselors-become-a-mandatory-part-of-the-bankruptcy-process/#comment-3827 i would suggest you contact the consumer credit counsel and ask if possible you could audit one of there course -- i think if you explain this was one one of your college courses you would be more than welcome and could also gather the info you are seeking!!! i would suggest you contact the consumer credit counsel and ask if possible you could audit one of there course — i think if you explain this was one one of your college courses you would be more than welcome and could also gather the info you are seeking!!!

]]> By: Carrie http://raiseyourcreditnow.com/how-did-consumer-credit-counselors-become-a-mandatory-part-of-the-bankruptcy-process/comment-page-1/#comment-3826 Carrie Mon, 08 Feb 2010 06:49:46 +0000 http://raiseyourcreditnow.com/how-did-consumer-credit-counselors-become-a-mandatory-part-of-the-bankruptcy-process/#comment-3826 I would say you need the consumer credit counseling so that the people who go bankrupt can learn ways to manage their credit better so that they don't go bankrupt again!! I would say you need the consumer credit counseling so that the people who go bankrupt can learn ways to manage their credit better so that they don’t go bankrupt again!!

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