AADR CEO Denise Dunckel Morse has a new op-ed in NJBIZ explaining why state lawmakers should support Senate Bill 1310, legislation that would allow debt resolution companies to operate in New Jersey.
Dunckel Morse writes:
“Holiday driving season is approaching and, with that, car repairs. These days, a broken fuel pump can run more than a grand, and replacing an engine? That is about $10,000. If celebrating quietly at home is sounding good, you may be one of the tens of millions of Americans who do not have enough savings to cover an unexpected $1,000 expense. For these families, when adversity strikes, credit cards often are the only way to make ends meet, and balances can sometimes spiral.
“When unsecured debt gets out of control, debt resolution providers could help struggling New Jerseyans to reduce their debt …
“As recent American Association for Debt Resolution testimony before the state Senate Commerce Committee noted, consumers benefit significantly from debt resolution. Nationwide, AADR member companies resolve more than $6 billion in unsecured debt annually, saving consumers nearly $2 billion each year.”
Read the full op-ed at this link.
