How do debt consolidation non-profit firms survive?
In majority of the cases, the debt consolidation non-profit firms will operate with the help of donation they receive from credit card companies, other business entities etc. However, lately these debt consolidation non-profit companies have been criticized for their shady activities. How reliable are these firms offering debt consolidation? Few consumers are of the opinion that these companies will charge low fees from you but take their payments in some other form which may include “kickbacks” etc. For instance, studies reveal that there are many such firms which take a part of the money you pay them to pay off creditors but you are not informed about the same. Alternatively, there are few creditors that agree upon a reasonable amount of payment but a portion of it goes to these debt consolidation non-profit firms. How can you avoid traps set by debt consolidation non-profit firms? If you have decided to avail services of a non-profit debt consolidation company check its credentials.
