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Nonprofit debt consolidation and for-profit debt consolidation have several important differences. The financial objectives of the companies Nonprofit credit counseling agencies are not focused on ...
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.
Money Management International (MMI) is a United States non-profit that provides consumers with free credit counseling and education. [5] [6] [7] In about 25 percent of its consultations, it helps consumers develop a debt management or repayment plan. [5] MMI is funded primarily by creditors. [6]
Typically, debt management plans are created by nonprofit organizations accredited by associations such as the Financial Counseling Association of America (FCAA) or the National Foundation for ...
If you're carrying a large amount of debt spread out across several credit cards and other loans, you're not alone. Most Americans carry some credit card debt, and the amount of debt the average...
Additionally, one-third of NFCC members are multi-service agencies specializing in community-based social service programs such as youth mentoring, foster care, and substance abuse programs. The NFCC provides counselor certification for nonprofit credit counselors employed by their member agencies in the areas of credit card debt, student loans ...
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