Travis Plunkett Credit Quotations

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.

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,

What the credit bureaus are most interested in is gaining market share in the increasingly lucrative market for credit scores.

Credit card lenders are luring consumers onto a minimum-payment treadmill. Consumers don't have the information they need to get off of it.

Your credit report is your passport to your essential financial information. Increasingly, what's in your credit report determines whether you'll get credit and how much you'll pay for it.

They've done nothing, absolutely nothing. The credit card industry has an enormous amount of power in Washington. They bottle these bills up.

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.

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.

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.