AFSCME 3357-HOF'S BLOG

Credit Counselors get Raked over the Coals in Congress

While I was away, Congress held hearings on abuses in the credit counseling industry. (This is the same congress that wants to push consumers into the clutches of credit counselors through the new bankruptcy bill - but I digress.) Anyway, the head of Ameridebt took Fifth. The head of Cambridge Credit Counseling, Inc., John Puccio begged off testifying, claiming to have had a stroke. This is the same guy who made a $624,000 salary as the head of a "not-for-profit" credit counseling company in addition to the money he made from other related and non-related entities. In separate news, the Massachusetts Attorney General has Cambridge in his sights. I'll prepare a link when one is available



Credit Counseling Riddled With Fast-Buck Promoters, Congress Finds