Non-Profit Debt Resolution
Posted on June 25, 2009 at 3:00 am
is there any way that this can be paid off faster, then?
Em
Rep Points:
Posted on June 25, 2009 at 4:40 am
That would depend on how much money you have. Once you're in the program and you somehow receive a lump sum (an inheritance perhaps) then you can opt to just pay off your entire debt (that is your money is big enough)--otherwise, you pay it within the plan.
Another possibility is if you get another source of income.
Posted on June 25, 2009 at 4:58 am
I don't know if there exists a non-profit debt resolution group--other than it's funded by an anonymous philanthropist billionaire perhaps? And even if that's the case, it's not going to be advertised? they would look for you and choose you--
On the other hand, there are a lot of non-profit debt counseling/consultation groups. They can give you advice and options as to how to arrive at a RESOLUTION but that resolution still means that you'd pay for what you owe. There's no escaping it I'm afraid.
Posted on June 29, 2009 at 11:33 pm
Or, if you want this to be paid off faster, you can opt for debt settlement. Most debt settlement companies offer a 12-46 month payoff period, and that may work for you.
Posted on August 19, 2009 at 3:27 am
Debt relief is a business in a capitalist nation too..so there is no place for non-profit debt resolution (groups or companies)--unless it's run by a certified philanthropist--but even if. So next time you hear about non-profit debt resolution, run.
If you have chosen debt settlement as your debt resolution, expect to pay the company 15% of your total debt amount (spread over 18 months) or 20-25% of the settlement amount.
Posted on August 19, 2009 at 3:32 am
Basically what everybody's saying is that all or most debt resolution comes with a price. The only thing that's non-profit or is free, is the initial consultation/assessment of the consumer's financial situation. The next steps to that would already cost.
To avoid being scammed the consumer should check the debt resolution companies' accreditation and membership (rating) with the BBB.
Posted on August 19, 2009 at 3:34 am
I agree and if the debt resolution company that you have chosen is debt settlement (remember that there is no such thing as a non-profit debt settlement company okay?) do check its membership with:
TASC www.tascsite.org
USOBA www.usoba.org
IAPDA www.iapda.org
It's also a plus of the settlement company is member of their state Chamber of commerce and the US Chamber of Commerce.
Posted on August 19, 2009 at 3:41 am
The closest to non-profit (or free) a debt resolution can be is..if you do it yourself. I mean settle the debt yourself. So instead of asking if there is a non-profit debt resolution out there or if there's a way that debt can be paid faster, you may want to know how to negotiate debt yourself---especially if you live in:
Giorgia
Idaho
Kansas
Maine
Mississippi
Minnesota
North and South Carolina
Utah
Wisconsin
Posted on September 28, 2009 at 6:24 am
All I can say is beware of entities that claim to be a non-profit debt resolution (experts, companies, groups..)
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