Best Non-Profit Debt Consolidation & Credit Counseling
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Nonprofit Debt Consolidation

If you are looking to consolidate debt payments into one convenient monthly payment, you may want to work with a nonprofit debt consolidation company, like InCharge Debt Solutions.

Information About Nonprofit Consolidation

What Is Nonprofit Debt Consolidation?

Nonprofit debt consolidation companies work with credit card companies to get you out of debt without having to take out a loan. Your debt is consolidated into one monthly payment, but the nonprofit reaches agreements with card companies to reduce interest rates which lowers your monthly bill. The nonprofit takes monthly payments from the consumer, then distributes them to the card companies in an agreed upon rate.

Why Work With a Nonprofit Debt Consolidation Company?

Nonprofit debt consolidation companies (also referred to as nonprofit credit consolidation companies) are dedicated to improving the financial lives of the people they serve through debt counseling services.

When you work with a nonprofit credit counseling agency, you will be treated to high quality credit counseling services 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) nonprofit 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 credit card payments into one, and request lower credit card interest rates 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 nonprofit credit counseling company, we help you regardless of your ability to pay for counseling services.

Best Nonprofit Credit Consolidation Programs

The best nonprofit debt consolidation program is one where you do not need to take out a new loan. Nonprofit credit counseling agencies offer that through debt management plans.

A debt management plan is a debt-relief solution that may be recommended to you after completing a credit card counseling session. You can start online credit counseling services or call the number on the right to speak with a certified credit counselor. During the session, counselors will help you identify the root cause of your financial problems, develop a personal budget that maximizes savings, and provide a debt-relief solution that best meets your personal situation. One potential solution is the debt management program.

Here are the features of a debt management plan:

  • Consolidate credit bills into one easy monthly payment
  • Pay off your debt faster (debt free in 3-5 years)
  • Lower your interest rates regardless of credit score
  • Stop collection calls
  • Eliminate late fees and over-limit charges
  • Build a realistic budget and financial plan you can follow

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 government and nonprofit organizations that can help you improve your financial situation.

BBB A+ Rating for InCharge Debt Solutions

Nonprofit Debt Relief vs. For-Profit Debt Relief Companies

The debt relief industry is rife with scammers: companies looking to take advantage of debt-distressed consumers. Nonprofit debt-relief companies, like NFCC-certified nonprofit credit counseling companies, offer advice and debt counseling services that keep your best interests in mind.

Here’s how to tell the difference between a for-profit debt relief company and a nonprofit debt relief company:

  • Look for the NFCC-affiliation. Make sure the debt-relief company you are considering is a member of the National Foundation for Credit Counseling. NFCC member organizations are all 501(c)(3) nonprofit debt relief organizations.
  • Make sure you are not being charged any up-front fees. In fact, the Telemarketing Sales Rule for Debt Relief Companies states that debt-relief companies can ask for a payment in advance for services to help settle or reduce your debt.
  • Check complaints filed at the Better Business Bureau for the debt-relief company you want to work for. Are there numerous complaints? How have they been resolved?
  • Check with your state attorney general and/or consumer protection bureau. Is the debt relief company that you want to work with licensed in your state? Are their actions or ongoing investigations for this company?
  • Make sure the nonprofit debt relief company you are working with offers you a 100% free analysis. If you are working with a credit counseling company, they should provide you with thorough credit card counseling and budget counseling for free.

What About Nonprofit Debt Management Programs?

If you do end up working with a nonprofit credit counseling company, your counselor may recommend that you join a nonprofit debt management program. This is a program that consolidates your monthly debt payment into one payment, which may be auto-debited from your account.

Nonprofit debt management programs have the following features:

  • Lower monthly payments
  • Lower interest rates
  • A monthly fee ($25-$50)
  • Automatic debits of your consolidated monthly payment
  • Pay off your credit card debt completely in 3-5 years

What About Nonprofit Debt Settlement?

There are no nonprofit debt settlement companies. Debt settlement typically requires that you not pay your creditors, but instead make monthly deposits in a savings account. When the account reaches a level high enough, the debt settlement company contacts your creditors and attempts to negotiate a settlement for 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-nonprofit 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:

  1. Call a nonprofit credit counseling organization like InCharge Debt Solutions for a free review of your debts, income and assets.
  2. Compare the pros and cons of debt management and debt settlement programs
  3. Understand that late charges and fees result when you stop paying your creditor
  4. Review the impact of debt settlement your credit score
  5. Consider Do-It-Yourself debt settlement


NA. (2018, September 14) Telemarketing Sales Rule Fees. Retrieved from

NA. (2018, November 20) Is Debt Settlement a Good Idea? Retrieved from