 With the struggling economy, many people are finding themselves deep in credit card debt. Therefore, consumers are forced to turn to debt consolidation in order to get control of their finances. However, before a person decides to consolidate their credit card debt, they need to be aware of the credit... |
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Living with debt is by no means easy. There’s the constant concern of living paycheck to paycheck and the never ending issue of covering monthly bills and living expenses. While most of us pride ourselves on being self-sufficient, it’s hard to ignore that we all sometimes live well beyond our means.... |
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| Family Financial Education Foundation |
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Background 724 Front St., Ste. 340 Evanston, WY 82931 Other Business Names: FFEF Summary of Business: Debt Consolidation,Debt Managementand Credit Counseling Members of BBB: Yes Business Start Date: 1998 Number of Complaints to the BBB: 1 BBB Profile Trade Organization Memberships: AADMO (American Association of Debt Management Organizations Certifications: BSI, ANSI (American National Standards Institute), ISO 9001 Want to make sure that the company you are dealing with is reputable? Read PayingPaul.com's report on debt scams, frauds and rip offs. Is your company a non-profit debt organization? Family Financial Education Foundation is an IRS qualified 501-3 C non-profit organization. Do you offer pre-bankruptcy credit counseling? Yes, they offer pre-bankruptcy credit counseling but their credit counselors are not individually certified for post bankruptcy credit counseling. Are your counselors certified or accredited? If neither, how are they trained? Each of their counselors is certified through one of the following: the National Institution for Finance Education (NIFE), the Institute for Personal Finance (IPF), or the National Association of Certified Credit Counselors (NACCC). What trade organizations are you a member of? AADMO Eligibility for Debt Management Plans Is there a minimum amount of debt to qualify? No, there is no minimum amount of debt an individual must have to qualify for the debt management plan offered. Do you deal with unsecured debt only? Yes, unsecured debt only can be enrolled int he debt management plan. This includes medical bills, credit cards, and deficiency balances, and at times payday loans. Do you require that all of my accounts are included in the program? The organization does not require all of their clients to enroll every account. However, some creditors, primarily Bank of America, will require that every account be enrolled in the debt management plan. As a result, Family Financial Education Foundation must adjust to these requirements. Services How is the set up fee and monthly maintenance fee determined? What is the fee? The fees are determined by the state in which the client lives. The range for the set up fee is between $25-75 and the range for the monthly fee is between $8-35. While some states allow them to charge more for a set up fee, the organization's maximum set up fee is $75, regardless of where the individual lives. Are there any creditors that you do not work with? Yes, Dell and World Wide Financial will not work with the organization's debt management plan. How will I be kept appraised of whether you are making my payments on time? Are statements sent? Can I review my statements online? The organization will send statements to the client two weeks before the pay date, and the creditors also will continue to send statements. Do you have a refund policy for unsatisfied customers? There is no established policy for refunds. Refunds are handled on a case by case basis. (Disclaimer: The following information is based on an informal conversation that PayingPaul.Com had with a representative from this company. In no way should this be construed as a formal statement made by the company about the services it offers. Moreover, although an effort has been made to keep this information up to date and accurate, in no way is this a comprehensive overview of the company profiled. For complete information, please contact a representative from this company.) Want to get a free quote from a debt management company? Fill out a form and PayingPaul.Com will match you up for free! |
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