Nonprofit Organization Expose Truth About Debt Relief Advertisements

Nonprofit agency presents free Webinars to tell consumers the truth about debt settlement and loan modification advertisements.

DEERFIELD BEACH, Fla., May 13 /PRNewswire-USNewswire

Debt Management Credit Counseling Corp., a nonprofit organization (“DMCC”), today announced that it will be presenting free Webinars to inform consumers of the truth behind certain debt relief advertisements. The free Webinars will focus on helping consumers identify the misinformation being given by marketers of debt settlement and loan modification programs. Consumers attending the Webinars will learn the truth about these programs and be provided information about other debt relief options. Webinars will be presented Wednesday, June 3rd at 1:00 p.m. and 6:00 p.m. EDT, and Saturday, June 6th at 11:00 a.m. EDT.

With today’s economic conditions, many consumers are finding it difficult to pay their monthly credit card bills and home mortgage. Often overwhelmed and desperately seeking help, consumers turn to the debt relief solution that is advertised the most without knowing if it is the best choice for their personal situation. Not surprisingly, the companies that advertise most often generally charge the highest fees. Consumers responding to these advertisements are not always presented the truth about the programs or other viable options that may be better for them, such as creditor hardship programs, debt management plans, and bankruptcy.

“Be wary of companies providing debt services that do not conduct a complete assessment of your budget, risk tolerance, and short- and long-term goals. They are typically commissioned to place you in the program they are selling rather than assessing multiple options and matching your needs to the best available,” stated Bonnie L. Canty, an attorney whose firm provides consumer advocacy services.

Counselors from DMCC will be presenting the Webinars and attendees will have the opportunity to ask questions.

About DMCC

DMCC is a 501(c)(3) charitable organization committed to educating consumers on financial issues and providing personal assistance to consumers overextended with debt. Education is provided free to consumers via seminars, workshops, financial literacy programs, and a vast array of online and printed materials. Counseling is provided free to consumers to identify the best options for the repayment of their debt.

CONTACT: Jessica Stokes of DMCC,