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Author: fredinseoul Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308478  
Subject: An Article about consumer credit counseling Date: 5/23/2001 9:37 PM
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http://www.pioneerplanet.com/business/per_docs/50684.htm

Thus, CCCS has an enormous conflict of interest in recommending the debt-management program, since the program provides a huge share of its fee income, largely from creditors, secondarily from consumers, to sustain the organization. Conversely, CCCS is reluctant to recommend bankruptcy since doing so provides CCCS with no fee income and leads the creditors who support CCCS to lose money.


I know the old Fools know this, but the question comes up often.

Fredinseoul
Transplanted Minnesotan

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