If you are looking to consolidate your debt payments into one convenient monthly payment, you may want to work with a non profit debt consolidation company, like InCharge Debt Solutions.
Non profit debt consolidation companies (also referred to as non profit credit consolidation companies) are dedicated to improving the financial lives of the people they serve. When you work with a non profit credit counseling agency, you will be treated to high quality credit counseling and offered debt relief solutions that are best-suited to your situation, not driven by a sales commission or profit motive. Many for-profit credit card consolidation companies are criticized for offering products, services and advice that benefit the firm’s bottom line more than the client.
InCharge is a 501(c)(3) non profit credit counseling organization. Our mission is to help you find debt relief and our advice is based on the details of your personal situation. We may tell you that bankruptcy is your best option and refer you to a bankruptcy attorney. We may recommend our debt management program: a program that consolidates your payments into one, and request lower credit card interest rates from on your behalf. Our credit counselors may determine that you qualify for a government housing program that can lower your monthly mortgage payments. As a non profit credit counseling company, we help you regardless of your ability to pay for counseling and other services.
The best non profit debt consolidation program is one where you do not need to take out a new loan: a non profit debt management plan administered by a non profit credit counseling company. A debt management plan is a debt relief solution that may be recommended to you after completing a credit counseling session. You can start a online credit counseling or call the number on the right to speak with a certified credit counselor. During the session, you’ll identify the root cause of your financial problems, develop a personal budget that maximizes savings, and be provided with a debt relief solution that best meets your personal situation. One potential solution is the debt management program. Here are the features of this program:
If a debt management program is not the best credit card debt relief solution for you, we may recommend bankruptcy and refer you to a bankruptcy attorney. We may also provide you with referrals to governmental and non profit organizations that can help you improve your overall personal financial situation.
The debt relief industry is rife with scammers: companies looking to take advantage of debt-distressed consumers. Non profit debt relief companies, like NFCC non profit credit counseling companies, offer advice and programs that keep your best interests in mind. Here’s how to tell the difference between a for profit debt relief company and a non profit debt relief company:
If you do end up working with a non profit credit counseling company, your counselor may recommend that you join a non profit debt management program. This is a program that consolidates your monthly debt payment into one payment, which may be auto-debited from your account. Non profit debt management programs have the following features:
There are no non profit debt settlement companies. Debt settlement typically require that you make payments to a debt settlement company, and not your creditors, until you have a stockpile of money saved up. At that point, the debt settlement company contacts your creditors and attempts to negotiate a settlement, or paying less than what you owe. If your creditors agree, you pay a portion of your original debt and a fee or percentage to the debt settlement company. While there are no NFCC-non profit debt settlement companies, you can receive free advice from a credit counseling company on this method of debt relief. Here’s what you should do before considering debt settlement: