He was talking to an attorney not long ago who wondered why a recently deceased judge never had been appointed to a higher bench. Thompson knew that the judge had ongoing serious credit problems over a 25-year span, and the panel that selects judges knew it as well. An otherwise excellent judge had been passed over repeatedly because of his inability to handle money sensibly. The Consumer Credit Counseling Service works with those who have been sucked a little too far into this system and have trouble getting out. You need not be teetering on the brink of ruin to benefit from debt education.
Every person can benefit from having a road map and plan for getting where they want to go.
Thompson's organization presents more than 70 free home ownership classes each year for first-time buyers, as well as another 200 or so free classes on basic budgeting, credit card spending and credit profile correction. That's just the way it works. Thompson does have one tip that we all should heed. Live beneath your means.