MY FINANCES ARE A MESS, I NEED HELP!
Choosing a Debt Counseling Program before it is TOO Late
After the holidays, many financially desperate households
have found that the encumbrances of the "magic of plastic"
have pushed them to the precipice of bankruptcy and into the tangle
web of debt consolidation companies. It is important to understand
that not all "nonprofit" debt management companies serve
the consumer's interest and many are created merely to economically
benefit the founders of the business. As a result, these companies
must be selected with caution due to the large amount of "upfront"
fees that are required. This will be explained....
In addition, most nonprofit enterprises receive a substantial
amount of their operating expenses from the financial services industry
and actually are created to serve the interest of creditors. These
factors should be used as a guide for evaluating potential debt
management companies. Indeed, if a company is not certified by the
National Foundation For Consumer Counseling (NFCC), the terms of
the contract and its claims for negotiating lower payoff settlements
should be examined with greater vigilance. Some reputable nonprofit
agencies are listed below.
NonProfit Consumer Credit Counseling Services:
Consumer Counseling Centers of America, Inc.
#900, South Building
601 Pennsylvania Avenue, NW
Washington, D.C. 20004
P.O. Box 920888
Needham, MA 02492
Green Path Debt Solution
38505 Country Club Drive, #120
Farmington Hills, MI 48331
National Foundation For Consumer Counseling
Silver Spring, MD
(301) 589.5600, x518
Springboard, Consumer Credit Counseling Service
6370 Magnolia Avenue, #200
Riverside, CA 92506
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