How does a non profit consolidation program How does a non profit consolidation program differ from profit consolidation?differ from profit consolidation?

This program is offered by a non This program is offered by a non profit organization.profit organization.

A non-profit debt consolidation A non-profit debt consolidation company charges a nominal fee.company charges a nominal fee.

You’ve to pay a sizable amount as You’ve to pay a sizable amount as fee to the for-profit companies. fee to the for-profit companies.

How does non profit debt consolidation help you How does non profit debt consolidation help you save dollars?save dollars?

It allows you pay less interest rate on It allows you pay less interest rate on the unsecured debts.the unsecured debts.

It gives you an option to make one It gives you an option to make one payment every month.payment every month.

It helps you avoid paying late fees, It helps you avoid paying late fees, fines and penalties.fines and penalties.

When should you opt for non profit debt consolidation? When should you opt for non profit debt consolidation?

You can opt for non-profit consolidation under the following You can opt for non-profit consolidation under the following circumstances: circumstances:

You’ve accumulated a huge credit You’ve accumulated a huge credit card debt. card debt.

You’re unable to manage so many You’re unable to manage so many bills on your own. bills on your own.

You need to save some dollars.You need to save some dollars. You can’t handle the debt collection You can’t handle the debt collection

calls. calls. You want to get an affordable You want to get an affordable

payment plan.payment plan.

What are the special benefits of non profit What are the special benefits of non profit consolidation? consolidation?

You’ve to pay minimal fees to the company.

You get single monthly payment plans.

You get help in analyzing your financial health.

You get to avoid the penalties and late fees.

What should you do to successfully consolidate your bills?

1. Work with a genuine non profit consolidation company. 1. Work with a genuine non profit consolidation company.

2. Make the single monthly payments.2. Make the single monthly payments.

3. Go through the agreement and read the clauses. 3. Go through the agreement and read the clauses.

4. Check if the company is distributing payments to 4. Check if the company is distributing payments to creditors. creditors.

5. Report to the company if you can’t make payments. 5. Report to the company if you can’t make payments.

How can you steer clear of scams?

Avoid companies asking for your SSN. Check the non profit status of the company. Check the unresolved complaints against

the company. Verify the license of the company. Ask questions about the company in

DebtCC Forums. Ask your friends to refer a good company.

How can you determine if a How can you determine if a company is non-profit? company is non-profit?

Go through the ‘About Us’ section of the website.

Find out if the company

has received IRS 501(c) non profit status