Travis Plunkett
Travis Plunkett
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.
virtually
What we have right now is exceedingly weak. It's virtually worthless.
absolutely devoted five greater hear last mergers pointed promises proof resources result three
What we have pointed out is that we often hear promises of greater resources devoted to R&D (as a result of a merger), but there is absolutely no proof that in the mergers over the last three to five years that that has occurred.
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,
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.
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.
clear financial golden rule soon source talk trouble wait work
The golden rule is, Don't wait too long. Talk to them as soon as possible. Be very clear on what the source of the financial trouble is and tell them you want to work it out.
kindness west wild
It's kind of like the wild west out there.
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.
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.
extremely lucrative types
It's extremely lucrative for the insurers, much more so than other types of insurance.