27 Total Quotes

Travis Plunkett Quotes

shouldn't have to jump through hoops to get bankruptcy relief.
Travis Plunkett
#Bankruptcy

[He said that once consumers are struck in a quagmire they would find it extremely difficult to get out of it.] 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.
Travis Plunkett
#Consumers

It's kind of like the wild west out there.
Travis Plunkett
#Kind

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.
Travis Plunkett
#Circumstances

[The new law will likely mean higher legal fees, because of added responsibilities and costs.] I know prices are going to go up, ... Whether some lawyers take advantage and charge an arm and a leg, we'll be looking out for that.
Travis Plunkett
#Lawyer

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.
Travis Plunkett
#Bankruptcy

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.
Travis Plunkett
#Economy #Consumers

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,
Travis Plunkett
#Consumers

The best thing that Congress could do right is to go back to the drawing board and offer targeted assistance to the relatively few businesses that can't get terror coverage, like some skyscrapers,
Travis Plunkett
#Congress #Terror

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.
Travis Plunkett
#Fashion #Bankruptcy #Hurricanes

Everybody considering bankruptcy is broke.
Travis Plunkett
#Bankruptcy

Credit card lenders are luring consumers onto a minimum-payment treadmill. Consumers don't have the information they need to get off of it.
Travis Plunkett
#Consumers

The credit-counseling industry is in complete turmoil, ... Our fear is that the little-known agency [the Trustee's office] charged with approving the credit-counseling agencies to offer this requirement might unintentionally approve agencies that were not up to speed.
Travis Plunkett
#Fear

At the very least, negotiators need to eliminate the giveaways in the bill, require insurers to pay their fair share, reduce costs for taxpayers and make sure that they don't choke the fast-developing market for terror insurance.
Travis Plunkett
#Insurance #Taxpayers #Terror

The credit-counseling industry is in complete turmoil. Our fear is that the little-known agency [the Trustee's office] charged with approving the credit-counseling agencies to offer this requirement might unintentionally approve agencies that were not up to speed.
Travis Plunkett
#Fear

Taking on debt to accumulate savings is an obvious contradiction. It seems more like a clever marketing ploy than a legitimate method for increasing savings.
Travis Plunkett
#Contradiction #Marketing

Most issuers waited until at least mid-2005 or later. Credit-card companies should have started implementing this guidance a long time ago. They should have done so very gradually ... That hasn't happened. But we haven't been flooded with complaints, either.
Travis Plunkett
#Guidance #Long Time

By almost every measure, consumers are paying far too much for credit insurance. The research shows very clearly that credit insurance is a very bad value.
Travis Plunkett
#Insurance #Consumers