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Less impact on your credit score compared to a for-profit debt relief service. Lower cost than for-profit debt relief. More manageable payment schedules. No need to apply for a debt consolidation loan
A debt relief program typically involves the lender negotiating with your debtors to reduce the amount of debt, the interest rate or both. Nonprofit debt consolidation is not a magic bullet.
For-profit counseling is offered by debt relief companies and may charge higher rates. These companies — especially nonprofit — will work with you to help get your finances in order.
The charity gained attention in 2016 when the TV show Last Week Tonight with John Oliver used them to turn $60,000 into $15 million of debt relief. [8] CBS News Sunday Morning profiled Undue Medical Debt in a long-form journalism piece by correspondent Martha Teichner in the April 16, 2023, episode of the Sunday morning television newsmagazine, in which it was stated that the non-profit ...
Debt relief companies are for-profit institutions that help you manage and pay down your debts. Depending on the company and what services are offered, they may work with creditors to help you get ...
NFCC member agencies provide financial reviews and education to more than a million consumers each year in person, over the phone, or online. Every NFCC member agency client receives comprehensive money management services based on their individual needs. NFCC member agencies provide a variety of services including: Credit/Debt Counseling
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