Non profit debt consolidation firms ? Points to consider before taking ...

If you?re drowning in a sea of credit card debt and you feel that you need to take help of debt consolidation, you should go for non-profit debt consolidation as they offer better and trustworthy services. There are two types of debt consolidation companies, the for-profit and the non-profit ones. While the for-profit companies charge you with fees that can take a toll on your finances, the non-profit companies are better as they?re funded by the business organizations and the local credit unions. However, there?s a risk that you should consider before you get help from the non-profit debt consolidation firms so that you?re not deceived by the consultants. Check out the points that you should check before you get help from a non-profit debt consolidation company.

Check the fees: When you take help of the debt consolidation non-profit companies, you should check the fees that you?re paying them. The debt consolidation companies are not supposed to charge any kind of upfront fees before reducing a portion of your debt amount. If you see that they?re charging a huge amount of advance fees from you, you may be sure that they?re scamming you and that they?re not trustworthy non-profit debt consolidation companies.

Check their counseling: When you approach a debt consolidation non-profit company, you should check whether or not they offer you free counseling before consolidating your debts. An authentic debt consolidation company should offer free credit counseling where they will check your present financial condition and assess whether or not this is the best option for you. They will even suggest you other ways through which you can repay your debt obligations instead of consolidating them. Only when they see that you can?t repay your debts on your own, they?ll suggest you ways to consolidate your debts.

Check their non-profit certificate: You should check their non-profit certificate so that you may be sure about their non-profit status. The IRS usually rewards all the non-profit debt consolidation companies with a 501 (3) (c) certificate as this the only proof of their status. When you speak to the debt consultant, you should ask for the non-profit certificate and if they hesitate to show you this certificate, you may be sure about their status.

Check their experience: Another way in which you can judge the authenticity of the company is by checking their experience. Unless you check the number of years they?ve been in business, you won?t come to know their track records, whether or not they have been providing positive help to the debtors in the market. Check their website and go through it.

Therefore, when you?re wondering about the ways in which you can get rid of your debts, you may get help from the non-profit debt consolidation firms. However, make sure you check the above mentioned points before taking the plunge.

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Source: http://greenopolis.com/node/249268

st nicholas st nicholas mindy mccready mindy mccready cliff harris cliff harris josh turner