Posted on
July 17, 2009
at
3:24 am
I am new here and I need help on my debts.I need recommendations on non profit debt consultation. How can I choose for the right company to help meAnd how long does their program take.Thak you
Posted on
July 17, 2009
at
4:03 am
Hi, song on a hill, maybe you meant non profit debt counseling? Because that actually is the only non-profit type of debt consolidation that comes closest to "consultation." If you mean by having a certified credit counselor sit down with you and discuss budget tips, financial management, and enrolment in a debt management program, maybe that is exactly what you're looking for.
Posted on
July 17, 2009
at
4:34 am
If i'm not mistaken non profit debt consultation is another term for non profit credit counseling, and they do function the same way I guess. You need to do extensive homework on choosing the right company. For one, since they claim to be non-profit, they shouldn't be asking you for any payments or "voluntary contributions."Also take note of the specific company's rating with the Better Business Bureau. You can check it out at http://www.bbb.org. Working with a company who has been on the marketplace for some time now and has few complaints may be best for you.
Posted on
July 17, 2009
at
4:50 am
Arent the non-proft ones usually scammers? Are there regulatory agencies on top of these non profit debt consulation companies anyway?
Posted on
July 20, 2009
at
4:21 am
For the most part not all of the non-proft companies are scammers. As long as there is accreditation by the National Foundation for Credit Counseling and if the company is a (501) (c) certified organization, you're good to go.
Posted on
July 20, 2009
at
6:03 am
One thing you also need to take note of is the company's rating with the Better Business Bureau. you can find the information on a specific company at http://www.bbb.org. A company that has a high rating from the BBB and few complaints is a good company to work with. You'll know thru that that the company does not compromise its integrity and maintains a good working relationship with its clients.
Posted on
July 20, 2009
at
6:45 am
is it true tho that credit counselors work in cahoots with creditors??? how warped is that???
Posted on
August 10, 2009
at
11:42 am
Or, instead of non-profit debt consultation, do you perhaps mean you are looking for a free debt consultation? If that is the case I know that most credit counseling agencies and debt settlement agencies offer free debt consultations for anyone who is interested in their services. Now- to address deceived- yes, it is true that a lot of non-profit credit counseling agencies are owned and funded by the creditors. So, when someone signs up with their agency, the creditor gives them a kickback.
Posted on
September 9, 2009
at
3:50 am
How much of a kickback do they receive? the nerve!
Posted on
September 10, 2009
at
4:07 am
The non-profit debt consultation companies uised to receive 15% of the total debt amount from the creditors themselves. Now it has been reduced to a variable range of 4-10%.
