Is Credit Counseling A Scam?

Binomial Nomenclature --- not all of the non-profit companies in the market are legitimate. Some of them may just claim to be non-profit in order to gain clients, but in reality, these companies may ask for "voluntary contributions." Non-profit status never necessarily equates to being under the best interest of the client. While these organizations may exist with the purpose of being a public service, some have used it to their advantage instead of the common good.

Here's an interesting CNN article that can help you fish out the legitimate companies from the rest in the bunch:

http://money.cnn.com/2002/06/17/pf/banking/q_debtconsolidation/