By Hector Milla
Non profit credit card debt consolidation is probably one of the best ways for you to consolidate your debts and get on the path to a debt free lifestyle. There are many reasons for this, which will be discussed in the paragraphs that follow. There are also some things you should be careful about when choosing a non profit organization to help you with your debt problem.
You need to do your homework before you choose any company to help you with this, but there are non profit companies out there that can help you get your head above water.
Some that claim to be non profit debt consolidation companies are really not as they say. They claim to help you get out of debt by offering you a cheaper or free service, but in reality they are working the system in order to take your money.
They are allowed to call themselves non profit by accepting donations to help them run their scam. Unfortunately, they also get away with ruining your credit and making your debt situation worse than it was when you started out.
If you are interested in using a non profit debt consolidation service to help you get out of debt, the National Foundation for Credit Counseling (NFCC) is a great resource.
They offer services which include debt evaluation and counseling. They talk you through your money situation in order to find the best process for you. After they help you decide what your best course of action is, they also have a list of consolidation services, or Debt Management Plans, that are certified by the federal government.
These services are 100 percent legitimate and are available to those in need of financial help. They are designed to help consumers avoid bankruptcy and they tailor their plans to each individual debt situation.
A Debt Management Plan is similar to debt consolidation or settlement. Your money is distributed into a holding account and distributed to your creditors over a period of three to five years.
The difference between a Debt Management Plan and consolidation or settlement is that these are legitimate companies that are registered with the Better Business Bureau and are put on a list of accredited agencies that are approved by the government and are guaranteed to carry out the services they say they are providing to their customers.
This is probably one of the best solutions for debt problems, and will provide the best and most affordable relief other than settling ones debts on their own.
NOTE: by researching and comparing the best credit card debt consolidation services in the market, you will determine the one meeting your specific financial situation. Specialized advise from a reputable debt counselor is always suggested.
Hector Milla runs the Credit Card Debt Free website - where you can see his best rated credit card debt settlement and debt consolidation service.
Article Source: http://EzineArticles.com/?expert=Hector_Milla
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