Debt Consolidation

Custom Search

Debt Consolidation
Debt Relief
New Bankruptcy Legislation
How To Avoid
What Does A
How Do You
Do It Yourself
Questions to Ask
How to Choose
Future Secured? Oh
Debt Settlement :
Different Ways Of
Repair Bad Credit
New Bankruptcy Law
Debt Getting You
Debt and Financial
Credit Repair? It's
Corporate Debt Management
The Road to
Fast Track Out
Is Independence Overrated?
How Do I
How to Reduce
5 Options Toward
Don't Drown Your
Your Ticket Out
Debt Negotiation and
Pay Off Your
Getting Past The
Your Secret Weapon...
Secrets to Why
British Families and
Debt Settlement
Establish Money Saving
Home Equity –
Credit Card Debt:
Is Debt Negotiation
Debt Consolidation
Debt Relief
Are Non-Profit Credit Counseling Agencies a Better Bet for Consumers?
by Mike Martin
Non-profit credit counseling agencies enjoy special benefits because of their status. There is a tax advantage; non-profits enjoy tax exemptions on both a state and federal level. Non-profit agencies are also eligible for both public and private

Non-profit credit counseling agencies enjoy special benefits because of their status. There is a tax advantage; non-profits enjoy tax exemptions on both a state and federal level. Non-profit agencies are also eligible for both public and private grants to support their mission.

Non-profit agencies have a better reputation among both creditors and debtors. In order to initiate Fair Share contributions, non-profit status is mandatory. Some states even allow non-profit agencies greater freedom from consumer protection laws. Debtors feel more comfortable dealing with a non-profit agency than one with a more commercial focus.

Most major credit counseling agencies flaunt their status as non-profits, but some fail to live up to that promise. Some unscrupulous agencies are using their non-profit status to lure in unsuspecting clients and to fleece them. Debtors need to look beyond the non-profit label and investigate the agency before enrolling in a credit repair program.

Some consumer credit counseling agencies are truly in it to help people get back on the road to financial well-being. Agencies accredited by the National Foundation for Credit Counseling or the Association of Independent Consumer Credit Counseling Agencies offer reputable services to their clients. Such agencies will not make false claims about fixing credit histories or credit scores; they will paint a realistic picture of your situation and tailor their actions to meet your needs.

Before enrolling in a credit counseling program, you should research the agency carefully. Check with the Better Business Bureau to see if the agency has a history of complaints. Visit online forums to read reviews from former clients. Make sure that the agency is reputable and reliable before granting access to your financial information.

Solid, reputable credit counseling agencies are an invaluable resource for debtors who have reached the end of their financial rope. A good credit counselor will work with you to create a personalized budget and debt management plan, while working with your creditors to reduce monthly payments. Lowering interest rates and erasing finance charges and late payment penalties are another way a reliable counselor can help you. A counselor’s ability to eliminate phone calls and dunning letters from creditors is enough to make most consumers glad they chose to enter credit counseling.

Michael Martin is a knowledge seeker and publisher of Here he provides more information on credit cards, credit counseling and The How To's of Credit Counseling Agencies that will engage your curiosity and stimulate your mind.

The site is not responsible for any content in it. E-mail: alldir[at]gmx[dot]com
debt consolidation, home loan, mortgage, debt free, debt help, refinance, equity loan, unsecured, secured debt, bankruptcy, credit card , bad credit, payday, cash advance, cash settlement, line of credit, student loan, interest rate, borrow money, car loan, adverse credit, compensation, quote, credit score, consolidate debt Adams Spring Valley village (pt.) West Jordan Salisbury Buchanan Conewango town Pike township Fortuna Minonk Hayden Oxford town Balance of Custer County Scott township Gravity Coalton village Franklin township Montgomery County Liberty town Florence Tonasket Oakbrook Terrace Elk township Modoc County Balance of Schoharie town Farnhamville city (pt.) Coleman Cave Junction National Glenwood village Belle city (pt.) USA UK Australia Canada Burundi Brunei New Caledonia Zambia Guernsey Burkina Faso Slovakia Swaziland Brunei U.S. Virgin Islands Surrey Rutland Northamptonshire Suffolk Caernarfonshire East Sussex Renfrewshire Shetland Essex Sutherland California (CA) Colorado (CO) Wyoming (WY) Nebraska (NE) Utah (UT) New Jersey (NJ) Wyoming (WY) South Carolina (SC) South Dakota (SD) New Hampshire (NH) South Dakota (SD) South Dakota (SD) Delaware (DE) Virgin Islands (VI) Minnesota (MN) Florida (FL) New Mexico (NM) West Virginia (WV) Maine (ME) Alaska (AK)