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new credit counseling endeavor

Posted on: 01st Apr, 2010 09:47 am
i am hopeful to enter the world of credit counseling or whatever it might be called when all is said and done. i've done this with my clientele forever to begin with, so it's not alien to me. my intent is to counteract all those companies that will, with pleasure, charge exorbitant fees upfront and on a continuing basis, by offering affordable, honest and upright service.

i have finally come to the realization (it's crystallized now) that people are going to pay for these "services" from others and happily throw away their money, so it makes sense to offer a reasonable and honest business that'll allow them to have more peace of mind at the end of the day. i've often urged people to do their own work to correct credit issues, only to recognize that they'd just as soon waste their money on a company that promises the world.

so why not accept compensation for something i'm doing anyway?

in that effort, i'll gladly work with anyone across the nation. these days, we're all as close as our nearest keyboard, so there's no need to specialize in one particular neighborhood.

the community's thoughts are welcome and encouraged. thanks.
I personally feel that it is a better option to deal with the creditors directly and negotiate about the debts rather than going for a credit counseling. However, I agree with you George, that most people think they won't be able to deal with their creditors and thus take the help of the credit counseling agencies.

It's good to note that you are venturing in the field of credit counseling. I wish you all the best in this new endeavor :)
Posted on: 02nd Apr, 2010 02:43 am
Hi George,

Feels good to get back here after quite some time. I appreciate your thoughts on helping people with credit counseling. Well, mortgage professionals often have to offer advice to borrowers as to how they can repair their credit. And, there are loans for which one wouldn't just qualify if they have negative items like charge-offs and collections. I feel, in a way, it's easier for the borrowers to analyze their situation when the same person who'll be offering the loan agrees to help him credit repair advice.

Good thoughts on your part and let's hope you do well :)
Posted on: 02nd Apr, 2010 05:45 am
thank you both for your encouragement.

i understand the thought that borrowers want to work with their loan officers, but in practice, there are a slew of loan officers who don't have the time or energy to expend on borrowers with credit issues. believe me when i say i now realize how much more productive i could have been had i not been caught up with potential borrowers who needed at least a year's worth of cajoling, counseling, hand-holding and listening (pervasive listening).
Posted on: 04th Apr, 2010 04:51 pm
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