http://www.credit-card-debt-relief.biz/debt/debt-consolidation/debt-consolidation-companies/nonprofit-debt-consolidation-companies/ Non-profit debt consolidation companies - how do they stay in business? How are non-profit debt consolidation companies scamming you for money? en-us Thu, 04 Nov 2004 15:41:51 EST Thu, 04 Nov 2004 15:41:51 EST Weblog Editor 2.0 You're going to see a lot of firms out there offering an "inexpensive" way to fix your debt. These so-called non-profit debt consolidation companies offer you a seemingly free way to go through debt consolidation, but this page should convince you to look more carefully at what they are offering. We aim to not only help you sort out your own debt - just fill the form at the top out -- but we also seek to inform you of how to make the right choice in credit card and consumer debt consolidation companies if you are still waffling. Non-Profit Debt Consolidation Doesn't Mean Free Debt Consolidation! That's right - many debt consolidation companies that advertise themselves as non-profit have filed themselves as 501(c)(3) companies with the intent of actually making sure that while the company never shows a profit, they themselves will be rich. This is because many non-profit debt consolidation companies are not giving you the service and advice you deserve and they're not reducing your debt to the point they should. Some quick facts: Accredited debt consolidation companies, like Credit Card Debt Relief, generally lower the amount you're paying to your creditors between 33 and 57 percent. Many so-called non-profit debt consolidation companies will lower your monthly payments by only 22 to 28 percent. Why is this? because they are claiming a certain amount for "handling fees" and "transactions" and the like. This is where the name non-profit debt consolidation companies is a grotesque misnomer. We know you're looking for the best debt consolidation companies out there and we certainly consider ourselves one of them. We feel that there may well be legitimate non-profit debt consolidation companies out there who will offer a comparable experience - we just haven't found them. Thu, 04 Nov 2004 15:41:51 EST