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Here’s what to consider to help you determine if free debt consolidation is a good fit for you. ... The financial objectives of the companies. Nonprofit credit counseling agencies are not ...
Two types of entities typically offer credit counseling services: nonprofit organizations and for-profit debt management companies. The best fit for your needs will depend on your overall goals ...
If you work with a credit counselor to create a debt management plan, ensure it’s with a non-profit counseling agency. You can consolidate debt through a 0 percent APR credit card or a debt ...
The National Foundation for Credit Counseling (NFCC), founded in 1951, is the largest and longest-serving nonprofit financial counseling organization in the United States. NFCC member agencies provide access to financial counseling services for consumers.
In the United States, the National Foundation for Credit Counseling was established in 1951. The modern practice known as ‘‘credit counseling’’ was initiated by creditor banks and credit card companies during the mid-1960s to address the growing volume of personal bankruptcies. [2]
A credit counselor or financial advisor can help you understand your options and decide whether debt consolidation is the right choice for your needs. Other Important Things To Know About Debt ...
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