Dr. Richard A. Briesch, PhD authored a study into debt relief programs titled Economic Factors and the Debt Management Industry on August 6, 2009. His conclusion was only a vague assertion that debt settlement provided greater consumer welfare than debt management plans. However many of his findings contradict those of regulators and consumer protection advocates. This review of his white paper shows the source of this misinformation, an incomplete set of client data. The result is a cleverly crafted white paper that appears to provide academic support for debt settlement companies and the plans they administer.
Debt settlement companies have been very quick to refer prospective clients to this study, since it appears to provide academic support for their activities. See how the following review of Briesch’s study yielded a much bleaker picture about the state of debt settlement companies.
Long is a graduate of the University of North Carolina at Chapel Hill with a B.A. in Industrial Relations. He subsequently received his Certificate in Nonprofit Management from Duke University. His Certificate in Financial Planning was issued by Florida State University.
Long has achieved the Accredited Credit Counselor and Accredited Financial Counselor certifications through the Association for Financial Counseling, Planning and Education. Long originally achieved the Certified Credit Counselor designation through the National Institute for Financial Education.
In addition to years of nonprofit leadership, Long has been an innovator in the field of volunteer tax return preparation programs. He assists volunteer associations and nonprofit organizations who seek to integrate credit counseling and asset-building programs with free personal income tax preparation. His approach to using free credit reports as both an incentive and a screening tool for placement into asset-building programs has been shared with members of the National Community Tax Coalition, the EITC-Carolinas Initiative of MDC, Inc. and nonprofit groups across the Carolinas.
Long assists members of our armed forces in the Carolinas, Iowa, Rhode Island, Georgia and Germany with financial readiness. Please support our Soldiers, Marines, Airmen and Sailors!
"The democracy will cease to exist when you take away from those who are willing to work and give to those who would not."