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Article: Consumer Credit Counseling Services Stung By Lenders' Funding Cuts.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- November 22, 1999
- Author:
CopyrightCOPYRIGHT 1999 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Knight Ridder/Tribune Business News
Nov. 22 -- The agencies that help people sort out their financial problems are struggling with serious money troubles of their own.
Consumer Credit Counseling Service agencies, stung by unexpected funding cuts, are overhauling their services and trying to make their offices more efficient.
In the short run, consumers may benefit from some of the changes. But in the long run, the nonprofits warn, counseling offices may have to merge or even close.
Free or low-cost community education might be sacrificed.
There's even rumbling about charging clients for services that have traditionally been ...