1 $ Wiser Consumer Education, Inc.
Budget and Credit Counseling (Pre-Filing) Disclosure
1 $ Wiser's Budget and Credit Counseling program meets the Federal requirements for a budget and credit counseling program BEFORE filing a bankruptcy petition with the court. The online portion of the program takes approximately 1 hour, during which time you will create a realistic monthly budget. At the conclusion of the online portion of the program, you will be required to communicate with one of 1 $ Wiser's counselors where you will discuss the factors which led to your current financial challenges, the budget you created, and possible changes to your spending habits. This communication with a counselor can take place via telephone or email. Your certificate of completion can not be issued until 1 $ Wiser's counselor has completed their communications with you.
The fee for 1 $ Wiser Budget and Credit Counseling is $29.99/person if taking the program online. The fee for registering and taking the program over the telephone with a live counselor is $50.00/person. Payment may be made by debit card, credit card, or electronic check via 1 $ Wiser’s merchant account accessible from this site during registration. Once you have started the program, the fee is non-refundable. A fee of $3.00 will be charged for certificates of completion sent via U.S. Mail.
1 $ Wiser’s Budget & Credit Counseling and Personal Financial Management Instruction (Debtor Education) are offered to clients/debtors without regard to a client’s/debtor’s ability to pay in compliance with 28 CFR Part 58 Final Rules, (http://www.justice.gov/sites/default/files/ust/legacy/2014/03/06/Federal_Register_EOUST_102.pdf).
A fee waiver or fee reduction requested by an attorney on behalf of one of his/her clients will be automatically granted. A separate request must be made for each client and each program.
1 $ Wiser Budget & Credit Counseling is offered to clients without regard to a client’s ability to pay provided the client’s attorney requests reduced fee or pro bono counseling. A client/debtor who is not represented by an attorney may request reduced fee or pro bono counseling and debtor education however separate requests must be made for each program. Clients applying for bankruptcy protection pro se (without an attorney) based upon total household income below 150% of the Department of Health and Human Services poverty guidelines or for any other reason must request reduced fee or pro bono counseling in writing. This request must be in writing with the client/debtor’s name(s), telephone number, and email address, and must be accompanied by the following documents:
- Names, ages, and relationship to client/debtor of all members of the family or household
- Last 2 pay stubs for all adults (18 +) in the family or household or proof of public assistance
- Last 2 bank statements for each adult (18+) in the family or household
- Prior year’s Federal Tax Return if item #2 is not available
Alternately, if the client has received a waiver of court filing fees for in forma pauperis debtors, a copy of the fee waiver from the court may be submitted and will justify pro bono counseling.
Send your written request which includes your name, email address and ALL supporting documents via E-Mail to Info@1dollarwiser.com or fax to 1-940-687-9077.
All requests will be reviewed within 72 business hours of receipt.
Additional policy details may be obtained from 1 $ Wiser at 1-800-496-2440.
Bilingual Counseling Services
1 $ Wiser does not currently provide bilingual counseling services. 1 $ Wiser will make every effort to refer clients requiring bilingual counseling services to an Agency on the United State Trustee's list of approved agencies who provides counseling services in the language requested by the client.
Agency's Funding Sources
1 $ Wiser is funded by fees received for individual counseling and educational services provided, from sponsored educational workshops and seminars, and from donations. 1 $ Wiser does not offer Debt Management Plans (DMPs) and does not receive any funds from creditors. If, as part of the credit counseling, a client decides to participate in a Debt Management Plan from another Agency, client may incur additional fees levied by the other Agency.
All 1 $ Wiser counselors have received in-depth training in 1 $ Wiser’s program. They receive continuing education at least twice a year to keep current on changes in consumer financial issues in areas such as healthcare, credit cards, mortgages, etc. They are skilled at helping you understand the materials presented and help you apply the new skills in your life. Each counselor has the heart of a teacher and experience in accounting, financial planning, credit counseling, or personal financial management.
Impact on Credit Reports
No information gathered or the results of the Credit Counseling session will be disclosed to any Credit Reporting Agency.
Consideration for Referrals
Neither 1 $ Wiser Consumer Education, Inc. nor any of its employees, agents, or partners, receives fees or other consideration for the referral of an individual to 1 $ Wiser’s Budget and Credit Counseling. Neither 1 $ Wiser Consumer Education, Inc. nor any of its employees, agents, or partners, pays any fees or other consideration for the referral of an individual to 1 $ Wiser’s Budget and Credit Counseling.
Certificate of Counseling
Within one (1) business day of completion of the live counseling portion of 1 $ Wiser’s Budget and Credit Counseling, a Certificate of Counseling will be issued to each client who registered and completed the live counseling portion of the program with one of our counselors. The counseling program is not complete until the client speaks with a credit counselor. The live counseling generally is conducted via telephone by appointment Monday – Friday between 9:00 AM and 5:00 PM and Saturday between 10:00 AM and 3:00 PM Central Time. Email counseling is also conducted during the standard hours, but no appointment is necessary. Counselors are not available on Sunday or Holidays.
Opportunity to Negotiate
Under terms set for in 11 U.S.C. 502(k), you may have the opportunity to negotiate an alternative payment schedule with regard to each of your unsecured consumer debts. 1 $ Wiser Consumer Education, Inc. does NOT provide service. If requested, we will make every effort to refer clients requesting debt negotiation services to an Agency on the United State Trustee's list of approved agencies who does provide this service. Please note that you may incur additional fees in connection with such a referral.
Disclosure of Client Information
1 $ Wiser Consumer Education, Inc. might disclose information to the United States Trustee in connection with the United States Trustee's oversight of 1 $ Wiser Consumer Education, Inc., or during investigation of complaints, during on-site visits, or during quality of service reviews.
The United States Trustee's Office has reviewed only the agency's credit counseling services and its personal financial management instructional course pursuant to 11 U.S.C.111(d). The United States Trustee has neither reviewed nor approved any other services 1 $ Wiser Consumer Education, Inc. provides.
Receipt of Certificate
A client will receive a certificate only if the client completes the counseling program. Certificates of Counseling are sent to clients via email. Clients may also log into their account and download a copy of their certificate found near the bottom of their account page.