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Nonprofit counseling agencies are known to charge lower fees than for-profit agencies, with some offering the services for free. For-profit counseling is offered by debt relief companies and may ...
Following a brief pause during the COVID-19 pandemic when consumers reined in credit card spending, Americans are once again piling up the debt. Many are also looking for ways to manage that debt
Although some credit counseling agencies charge a fee in exchange for their services, these are often much lower than that of debt relief companies. Credit counseling agencies can help you get out ...
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]
Nonprofit debt consolidation agencies often provide free educational resources to help with financial tasks like budgeting, credit repair or retirement planning.
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.
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