Travis Plunkett
Travis Plunkett
bankruptcy credit ended fashion gambling hit law people treats
The law has a one-size-fits-all approach, ... It treats people who have been hit by hurricanes in the same fashion as people who have ended up in bankruptcy from gambling or overspending or misusing the credit they were given.
card consumers credit information onto
Credit card lenders are luring consumers onto a minimum-payment treadmill. Consumers don't have the information they need to get off of it.
industry reaching
I think the credit-card industry is reaching a tipping point,
bill effort either include relief serious
I think you're going to see a serious effort to include this provision either as a standalone bill or as relief legislation.
backwards bankruptcy barriers bending circumstance depend families federal government help hit net safety throwing victims
Bankruptcy is an important safety net that families hit by unforeseen circumstances depend upon. The federal government should be bending over backwards to help Katrina's victims get back on their feet, not throwing up new barriers to bankruptcy.
kindness west wild
It's kind of like the wild west out there.
bankruptcy hoops jump
shouldn't have to jump through hoops to get bankruptcy relief.
fresh impact large number ordinary people
They'll never get a fresh start, ... And over the long haul, this can have a significant impact on the economy, if a large number of people can't get back to being ordinary consumers.
bankruptcy consumers counseling credit hurdle jump relief
We don't want this credit counseling requirement to be yet another hurdle that consumers who really need bankruptcy relief have to jump over to get it,
virtually
What we have right now is exceedingly weak. It's virtually worthless.
ground hit people prison safety sink slip
We're going to see people in a debtor's prison without walls, ... They'll essentially slip through the safety net, hit the ground and then sink into an underground economy.
bankruptcy credit decided delivered early helpful late people point support whether wonder
We support credit counseling, especially if it's delivered early, and this is not early intervention. This is late intervention at the point where people have decided that bankruptcy is the only way for them. We just wonder whether this kind of late intervention will be helpful to too many people.