« Handle Your Debts with Care with Online Debt | Main | Utter Usefulness of Debt Consolidation »
August 18, 2006
Consolidation
There are hundreds of loan companies that claim to be non-profit and will help you manage your debt either through debt reduction, consolidation, negotiation, settlement, bankruptcy, credit repair, clinics and help you read your credit report. The truth is many of these companies who claim to be "non-profit," are not. All non-profit must have a Federal 501-C3 non-profit status form on file. However, don't be misled by the 01-C3 status either, many claim that they can help you manage your credit and will charge you hundreds to thousands of dollars to do absolutely nothing to help you get out of debt. So what makes a non-profit legitimate as a consolidated loan company? Any ethical non-profit is paid a "fair share distribution" by the creditors and about $5 - $20 per debt monthly from the client. This rate is
From Consolidation
Posted by Alex at August 18, 2006 10:58 AM
