Why So Much Bad Press for Not-For-Profit Debt Relief Companies?
Non-Profit Debt Relief- Negative Attention Abounds. There has been a lot of negative attention recently that is focused on non-profit debt relief companies and the abuse of their organizations. In many cases, being non-profit is required in becoming a credit counseling agency, and most companies will operate as charitable organizations or educational companies. However, there are so many companies out there, and so few who actually provide any charitable services or educational materials to clients. The IRS even cautions consumers against non-profit companies that are using their status to get around state and federal laws that are designed to protect consumers. The main way that these companies abuse their power comes in the form of their marketing. They will show people that they are a non-profit company, throwing the word around like it’s something special, and then charge ridiculously high set up fees, monthly fees, or other charges for their debt management solutions or their educ
There has been a lot of negative attention recently that is focused on non-profit debt relief companies and the abuse of their organizations. In many cases, being non-profit is required in becoming a credit counseling agency, and most companies will set up as charitable organizations or educational companies. However, there are so many companies out there, and so few who actually provide any charitable services or educational materials to clients. The IRS even cautions consumers against non-profit companies that are using their status to get around state and federal laws that are designed to protect consumers.
