Debt Management Credit Counseling Publishes Debt Consolidation Video

by Shelton on February 25th, 2015

filed under Debt Consolidation

Educational video on debt consolidation plan published by Debt Management Credit Counseling Corp (, a nonprofit credit counseling organization (DMCC). Short animated video provides consumers a quick overview of a valuable repayment option to eliminate credit card and other unsecured debts.

Lighthouse Point, FL (PRWEB) February 13, 2015

Debt Management Credit Counseling Corp, a nonprofit credit counseling organization (DMCC), announced today the publication of a new educational video on debt management plans. Consumers struggling to repay unsecured debts, such as credit cards, payday loans, collection accounts and medical bills, are encouraged to view the video to get a quick easy understanding of how a debt management plan may help them. The video can be found on the DMCC website at

The debt management plan video is the latest in a series of short animated videos published by DMCC to educate consumers on various financial matters, including credit, debt relief, student loans and identity theft. All of the videos were designed by DMCC certified credit counselors to be just a few minutes in length and easy to understand. The debt management plan video provides consumers a quick two minute overview of this valuable repayment option, which is offered by creditors through accredited credit counseling agencies like DMCC. This video is a great way for consumers to get a quick understanding of how a debt management plan may help them, said Phil Heinemann, DMCC Executive Director. We encourage anyone struggling to repay credit cards and other unsecured debts to take a look before seeking other debt relief options.

Debt management plans to lower interest rates and monthly payments for unsecured debts, such as credit cards, payday loans, collection accounts and medical bills, are available through DMCC in most states. Monthly payments under debt management plans are consolidated, so consumers only need to make one monthly payment to DMCC, which is then distributed by DMCC to their creditors. In addition to providing affordable monthly payments, creditors participating in debt management plans typically stop their collection calls and past due fees. Consumers interested in a debt management plan quote should contact DMCC at 866-618-3328, Monday Thursday 9:00am 6:00pm and Friday 9:00am 3:00pm ET, or by completing an online application at

About Debt Management Credit Counseling Corp.

DMCC is a 501c3 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 at no charge. DMCC is a US Department of Housing and Urban Development Approved Housing Counseling Agency, is approved by the US Department of Justice to provide bankruptcy counseling and education, and has an A+ rating with the Better Business Bureau.

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Army Emergency Relief campaign kicks off

by Shelton on February 25th, 2015

filed under Debt Consolidation

Fort Leavenworths 2015 Army Emergency Relief Campaign kicked off Feb. 18 at the Frontier Conference Center. The campaign slogan is Making a Difference. Fort Leavenworths goal is to raise $90,000 during the campaign, which runs from March 1 to May 15.

Zach Stephens, 2015 AER campaign coordinator, shared the campaign goals at the kick-off event.

The objectives of the campaign are to educate the leaders and the Fort Leavenworth military community of the services AER provides, make 100 percent contact to those eligible to contribute to the campaign; and meet the established goal of $90,000 for the installation, Stephens said.

Fort Leavenworth raised $69,617 for AER last year, falling short of the 2014 campaign goal of $90,000, and distributed $315,325 in loans and $54,885 in grants to a total of 264 clients.

Jack Walker, deputy to the Garrison commander, spoke at the event. He explained where the Fort Leavenworth donations came from last year.

About 39 percent of (the 2014 contribution funds) were active-duty personnel. Fifty-seven percent of them were retirees looking after the current soldiers and their needs. Other (donations) amounted to about 4 percent, Walker said.

Incorporated as a private nonprofit organization in 1942, AERs mission is to help soldiers and their family members by providing emergency financial assistance. Emergencies include house fires, vehicle repairs, medical or funeral expenses, cranial helmets, car seats and food, among others. Loans do not cover ordinary vacation, legal expenses, debt consolidation or other nonessentials. AER also has two scholarship programs for spouses and dependents pursuing undergraduate degrees. (See AER release for more information.)

Theres probably not a person in the room who hasnt at some time or another run into a few financial difficulties and was looking for someplace to turn to be able to take care of that need, Walker said.

Assistance is provided through interest-free loans or grants, if repayment of a loan will cause undue hardship. Partial loans and grants are also offered. There is no dollar limit to the amount of the loan funds are made available to commanders based on valid needs.

For the most part, if there is a true need they are going to get taken care of, Walker said.

Those eligible for assistance are active-duty soldiers and their family members, retirees and their family members, widows and orphans of soldiers who died while on active duty or after retirement, and National Guard and Reserve soldiers on Title 10 orders for more than 30 consecutive days and their family members.

As a nonprofit organization, AER receives no money from the government. Funds come from loan repayments, investments, unsolicited contributions and donations from soldiers, civilian employees, family members and retirees. Unit representatives or a key person collect donations from active-duty soldiers and turn them in to campaign headquarters. Retirees are contacted by AER headquarters via mail and send donations in to headquarters.

Maplewood man indicted by grand jury for fraud, theft

by Shelton on February 25th, 2015

filed under Debt Consolidation

Maplewood man indicted by grand jury for fraud, theft

By: editor

MAPLEWOOD, NJ — Acting Attorney General John J. Hoffman announced Wednesday, Feb. 11, that the operator of a Maplewood debt adjustment firm was indicted for allegedly defrauding customers by promising them reductions in their monthly bills and then stealing their money in a Ponzi scheme.

The Division of Criminal Justice Financial and Computer Crimes Bureau obtained a state grand jury indictment charging Germain Theodore, 34, of Maplewood on Wednesday, Feb. 11, with second-degree theft by failure to make required disposition of property received. It is alleged that Theodore recruited customers for his purported bill-payment and debt-consolidation business, TGC Movement Inc., by claiming that he could reduce their monthly bills by 35 percent. Theodore allegedly told clients that if they paid 65 percent of their bills to TGC, plus a fee, TGC would arrange for their bills to be paid in full. It is alleged that, instead, Theodore quickly stopped paying bills for the clients and stole their payments.

From May 2013 through his arrest on Oct. 15, 2013, Theodore allegedly stole more than $250,000 from more than 200 clients. The Attorney General’s Office commenced a civil investigation through the Division of Consumer Affairs in September 2013 after receiving complaints from numerous customers of TGC. The Division of Consumer Affairs subsequently referred the matter to the Division of Criminal Justice for a criminal investigation. The Essex County Prosecutor’s Office and the Maplewood Police Department assisted in the criminal investigation.

After his arrest, Theodore posted bail and opened a business in Jersey City called Save My Future, through which he allegedly engaged in the same type of fraud.

In August 2014, he was rearrested on a criminal complaint charging him with theft in connection with numerous customer complaints related to Save My Future. The Division of Criminal Justice is continuing to investigate the alleged thefts in Jersey City, with assistance from the Jersey City Police and the Hudson County Prosecutor’s Office.

“Theodore is the worst kind of con artist, because he allegedly stole from people who already were struggling financially,” said Hoffman. “We allege that he gained the trust of his vulnerable victims by promising them a way out of their financial woes, but then he ruthlessly betrayed them, leaving them even deeper in debt.”

“Theodore’s greed knew no bounds. While free on bail on charges that he stole from hundreds of clients in Maplewood, he allegedly had the audacity to launch the same type of scheme in Jersey City to defraud even more victims,” said Director Elie Honig of the Division of Criminal Justice. “We’re continuing our investigation in Jersey City to ensure that Theodore is held accountable for all of his alleged crimes.”

The investigation revealed that Theodore allegedly advertised TGC as a bill-payment and debt-reduction service through its offices on Springfield Avenue in Maplewood. Clients were reportedly told that if they submitted their unpaid bills to TGC, along with payment for 65 percent of the outstanding balance of those bills, TGC would remit payment in full to the client’s creditors. TGC also charged an 8-percent fee to the client. Theodore and other employees of TGC variously represented to prospective clients that either funding from a government grant program or private investors paid the remaining 35 percent of the clients’ bills.

Typically, TGC initially paid the full amount promised, in order to gain the trust of the client. In most cases, the client’s bills were paid in full after the client’s first and second visits to TGC. Thereafter, however, TGC allegedly did not make the promised payments and the client’s bills went unpaid, even though TGC continued to receive 65 percent of the outstanding balance and the 8-percent fee from the client. It is alleged that Theodore operated TGC as a classic Ponzi scheme, using money from new clients to pay the first bills submitted by earlier clients.

Second-degree charges carry a sentence of five to 10 years in state prison and a criminal fine of up to $150,000. The indictment is merely an accusation and the defendant is presumed innocent until proven guilty.

The indictment was handed up to Superior Court Judge Mary C. Jacobson in Mercer County, who assigned the case to Essex County, where Theodore will be ordered to appear in court for arraignment at a later date.