Can a Nonprofit Debt Consolidation Firm Really Offer Free Services?
The nonprofit debt consolidation firm term may be a vague term to you. As the name implies, you probably guess it is a nonprofit company that consolidates debts. But what exactly is a not for profit debt consolidation company? A non profit debt consolidation company bails out debtors who are deeply in debt. They exist to help you save or repair your credit rating and keep you from foreclosure or bankruptcy. These services range from lengthening the pay-off term to reducing the rate of interest so that you can reduce the amount you are paying to your creditors each month. “Non profit” is not equal to free service. In addition to one monthly payment to cover all of your debts you will have to pay them a monthly service fee. They will see that all of your payments are made on time and you will receive monthly statements from your creditors and a monthly statement from the debt consolidation service.
