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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 ...
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...
Credit counseling services can either come from nonprofit organizations or for-profit companies. If you’re feeling the pinch in your budget from debt payments, you join millions of other ...
Money Management International was founded in 1997 by six financial consulting organizations that were members of the Consumer Credit Counseling Services (CCCS) network. [1] Money Management International is a non-profit organization that works to help people effectively manage their finances and increase their financial literacy. [8]
Credit counseling is most often done by Credit counseling agencies that are empowered by contract to act on behalf of the debtor to negotiate with creditors to resolve debt that is beyond a debtor's ability to pay. Some of the agencies are non-profits that charge at no or non-fee rates, while others can be for-profit and include high fees.
DMPs are created and managed by credit counseling agencies — nonprofit organizations that offer advice and actionable solutions to people who need help with budgeting and/or debt.
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