Debt

Global Debt Registry Appoints Kathy Simmermon to EVP of Business Development


Wilmington, Del. (PRWEB) April 23, 2015

Global Debt Registry (GDR), the pioneer and leader in debt information access and validation, today announced it has appointed Kathy Simmermon as executive vice president of business development. In her new role, Simmermon will oversee the company’s market expansion strategy in the banking as well as debt buying and collection segments.

As part of the Global Debt Registry Leadership Team, Simmermon will leverage her strong network of senior financial and debt-industry professionals to strengthen GDR’s visibility and presence in consumer debt market segments including: credit cards, personal loans, automotive, utilities, telecom, student lending and medical.

Simmermon brings an impressive track record of company growth. Most recently, she joins Global Debt Registry from Cavalry Portfolio Services, LLC, a large debt buyer, where she served as senior vice president of acquisitions. There, she was responsible for soliciting originators, lenders, debt buyers and funders for opportunities to price portfolios and negotiate purchases.

“In my 30 years of experience in the ARM industry, I have never seen a better product to bring value to everyone in market. Original creditors, debt buyers, collection agencies, legal collections firms and consumers all benefit from GDR’s services. My previous experience with debt buyers gives me unique insight into Global Debt Registry’s value proposition in the debt marketplace,” said newly appointed GDR EVP Kathy Simmermon. “GDR’s vision to bring much needed controls and efficiency to the complicated debt market through advanced media management and validation solutions compelled me to join the team and to help bring it to the industry.”

The appointment of Simmermon demonstrates continued momentum from Global Debt Registry. Led by GDR CEO Mark Parsells, the company recently secured $ 7 million in Series A funding and announced the collaboration with TransUnion, a global leader in information and risk management, to market GDR debt registry services for debt buyers, collectors and financial institutions.

“Kathy’s extensive experience in financial services and the debt ecosystem makes her an invaluable asset to the Global Debt Registry team,” said Global Debt Registry Chief Commercial Officer Charlie Moore. “Her fresh perspective and unique ability to connect with many different stakeholders in the debt ecosystem will help bring GDR through its next phase of growth.”

About Global Debt Registry

Global Debt Registry, founded in 2005, is the independent registry for the consumer debt industry. GDR securely stores, tracks and shares information about non-performing accounts with buyers, collection firms and consumers. Global Debt Registry is funded by a US based, $ 5 Billion private equity firm. For more information, visit: http://www.globaldebtregistry.com







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Debt Management Credit Counseling Announces Annual Scholarship Award Winner for 2014


Lighthouse Point, FL (PRWEB) December 30, 2014

Debt Management Credit Counseling Corp. (“DMCC”) http://www.dmcconline.org, a nonprofit credit counseling organization, announced today that Daniel Skaf is the latest award recipient of its college scholarship fund. Since 2001, DMCC has awarded a scholarship to a student of the Harriet L. Wilkes Honors College at Florida Atlantic University in Jupiter, Florida, through the FAU Foundation, Inc. DMCC established this scholarship as part of its mission to educate and support students who demonstrate academic merit and commitment to the community. Skaf is currently a sophmore at the Honors College with a major in Biology and GPA of 3.94.

The FAU Foundation, Inc. is a 501c3 nonprofit organization established to promote academic excellence, internationally recognized research and vital public-private partnerships at Florida Atlantic University. “We are proud to contribute to the FAU Foundation, Inc. and help students aim for an education that might not be attainable otherwise,” stated Jason Athas, DMCC Manager of Special Programs. The Debt Management Credit Counseling Corp. Scholarship Fund provides awards to students who need additional funds for their education. The Harriet L. Wilkes Honors College is a four year residential liberal arts college for academically superior undergraduates. The DMCC scholarship fund was established in 2001 and has awarded a deserving Honors College student for 13 consecutive years.

The DMCC college scholarship fund is an extension of DMCC’s efforts to teach financial literacy to college and high school students. DMCC educates young adults each year through classroom workshops and its online financial literacy program, Debt, Money & Credit Concepts. College students, in particular, are susceptible to running up large amounts of credit card debt while in school. DMCC certified credit counselors will work with these students to budget their money and, if needed, provide them a debt management plan to reduce their interest rates and monthly payments.

About Debt Management Credit Counseling Corp.

DMCC is a 501(c)(3) nonprofit organization committed to educating consumers on financial issues and providing personal assistance to consumers overextended with debt. Education is provided to consumers via seminars, workshops, a proprietary financial literacy program, and a vast array of online and printed materials. Personal counseling is provided to consumers to identify the best options for the repayment of their debt. Consumers interested in speaking with a DMCC Certified Credit Counselor may call (866) 724-3328 or request help at dmcconline.org. DMCC is a HUD Approved Housing Counseling Agency, is approved by the U.S. Trustee to provide bankruptcy counseling and education, and has an A+ rating with the Better Business Bureau.







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SPAIN: Debt management program a powerful tool to repay debt

SPAIN: Debt management program a powerful tool to repay debt
A. A debt management program is a powerful tool for helping you repay your debt. When you participate in a debt management program, a credit counseling agency works with your creditors to reduce your monthly payments, lower your interest rates, and …
Read more on Rapid City Journal

District court news 9-28
… credit for one day, $ 500 fines and costs, one year probation, attend substance abuse program and Impact Weekend, may not use or possess drugs or alcohol, subject to random drug and alcohol screening, may not enter bars, attend counseling as …
Read more on Midland Daily News

Free financial call-in program Wednesday, Oct. 1, and Saturday, Oct. 4
We staff the call-in program with credit counselors from Apprisen, formerly the Consumer Credit Counseling Service of Northeast Ohio, and financial planners to offer expertise on a variety of topics, from paying down debt to investing money or on …
Read more on Akron Beacon Journal

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What is Credit Counseling? Learn about Debt Relief Options – Take Charge America, Inc.

Do you understand how credit counseling is different from other debt relief options? Mike Sullivan, Director of Education at Take Charge America, discusses t…
Video Rating: 4 / 5

Credit Counseling Services offer a mainstream and non-confrontational method for lowering your monthly credit card payments. There are many benefits to a cre…
Video Rating: 5 / 5

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3 Best Credit Card Debt Consolidation Loan Companies In Illinois Announced By BestDebtConsolidationLoans.org

Chicago, IL (PRWEB) January 19, 2014

The goal of BestDebtConsolidationLoans.org is to provide consumers with an unbiased review of the options available to help them achieve debt relief and avoid scammers.

In accordance with this, the company has done an independent review of the various credit consolidation loan programs available to debt-ridden consumers in the state of Illinois. It is now announcing the three debt consolidation loan companies that scored highest in its rankings. They are National Debt Relief, CuraDebt and American Debt Enders.

The people in Illinois get into debt trouble from time to time. Some of this is caused by the general state of the economy and specifically Illinois’ unemployment rate. As of November 2013, it was 8.7%, which made it the 48th worst among all 50 states behind only Nevada, Michigan and Rhode Island. Illinois’ three largest cites, Chicago, Aurora and Rockford have been even harder hit. This is especially true of Rockford where the unemployment rate is 12.6%, meaning that nearly one out of every eight workers in Rockford is unemployed. The city of Aurora fares better with an unemployment rate of 8.4% but Chicago’s remains high at a dismal 10.09% making it the 74th worst city in the US for unemployment.

Illinois’ total workforce as of November of last year was 6,523,200 meaning that there were approximately 567,000 unemployed workers at that time.

To make matters even worse, Illinois residents have an average credit card debt of $ 5,266, which is substantially higher than the national average of $ 4879 per borrower. On a brighter note, Illinois residents have an average credit score of 726, which is a bit better than the U.S median credit score of 723 and better than the average FICO credit score of 689. It’s median household income is $ 51,730 and 69.7% of its residents own their homes.

When you couple high unemployment rate and high credit card debt with poor personal financial mismanagement it becomes clear why the people of Illinois are having a problem with debt. Dealing with big debt can be very serious. And getting out of it can be difficult. Debt Consolidation Loans assures consumers that there are, in fact, ethical and trustworthy companies that can help them become debt free.

The Best Debt Consolidation Loans personnel who reviewed credit consolidation loan companies in Illinois considered six different factors in selecting the top three companies. They were customer service, its fees, debt solution options, consumer satisfaction, business ethics and financial standing.

The reviewers awarded the top spot to National Debt Relief. It came out on top due to its high consumer satisfaction and reasonable costs. The company works with consumers who have more than $ 7500 in debts and provides them with custom-tailored credit consolidation programs. One of the chief reasons why National Debt Relief is such a trusted company is because it has maintained an A rating with the Better Business Bureau for many years. National Debt Relief is also a very ethical company in that it does not charge a cancellation fee, which makes the company very appealing to first-time consumers who are almost always very satisfied with the debt relief services they receive. For that matter, National Debt Relief charges consumers no fees until it has satisfactorily settled their debts and provided them with a payment plan they approve.

BestDebtConsolidationLoans.org awarded second place to CuraDebt. This company provides its services to consumers with more than $ 10,000 in credit card obligations. The company has strong working relationships with the credit card companies and is able to get consumers the results it promises. CuraDebt offers flexible credit card consolidation programs that go beyond debt reduction. In addition to dealing with credit card debt, it can also help with student loans, tax debts and defaulted loans.

Third place went to American Debt Enders. This company has been in business since 2007 and is known for providing debt relief to consumers who have more than $ 5000 in debt. The company’s well-trained debt experts can handle almost all types of credit problems. Even those consumers who need help in improving their credit scores can get it from American Debt Enders.

Illinois residents, who would like to learn more about these three best credit card debt consolidation loan companies, should visit http://www.bestdebtconsolidationloans.org.







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