Credit card debt is a way of life.
Though people may want to pay their bills, millions of them are also struggling under the heavy weight of unpaid bills due to medical or other circumstances beyond their control.
When debt becomes harder and harder to keep under control, many people may want to turn to credit card debt consolidation organizations for help on paying off debts.
There are lots of organizations that a person can choose to apply for such type of loan, but you should watch out for organizations and companies that may be a scam.
One such organization is based on non-profit program.
They claim that they are non-profit, but the truth is most of them are not.
Today, there are numerous credit card debt consolidation company's that have a "non-profit organization" attached to its name, but you need to be aware, this is a tactic used to trap people into believing that you are being aided by a organization that has your best interest at heart.
The first thing that this non-profit credit card company will want from you is an up front fee, which goes to the company.
How these kinds of companies work is that, they have developed bad credit consolidation companies and then take the processing and services and place it in for profit company.
If the company is authentic then the non-profit debt counselors will teach you how to manage all of your debts and just not to simply pay off all your credit card bills.
Other issues with non-profit credit card debt consolidation is they are not making complete payments to the creditors, making late payments or not making payments at all.
Lots of these bogus non- profit credit companies do not tell their consumers that if they fail to keep to the program, many of their creditors will not allow them to work with another debt program for at least a year.
Also be aware that you could be in worse debt than when you started by engaging these debt consolidation companies.
There are few companies out there that are real and genuine, consumer advocates believe that most of them are out to turn your debt into their profit, which means that the bad credit debt consolidation companies will keep you in debt.
There are many bad credit consolidation companies that are being sued by attorney generals and the FTC and the IRS is conducting an investigation on whether they are truly non-profit, so it is important that you should be very careful.
The professionals highly recommend that you do not do business with any credit debt consolidation companies, however, if you want to take the chance with your credit and your money, make sure you check out the local consumer protection agency and the Better Business Bureau.
Though people may want to pay their bills, millions of them are also struggling under the heavy weight of unpaid bills due to medical or other circumstances beyond their control.
When debt becomes harder and harder to keep under control, many people may want to turn to credit card debt consolidation organizations for help on paying off debts.
There are lots of organizations that a person can choose to apply for such type of loan, but you should watch out for organizations and companies that may be a scam.
One such organization is based on non-profit program.
They claim that they are non-profit, but the truth is most of them are not.
Today, there are numerous credit card debt consolidation company's that have a "non-profit organization" attached to its name, but you need to be aware, this is a tactic used to trap people into believing that you are being aided by a organization that has your best interest at heart.
The first thing that this non-profit credit card company will want from you is an up front fee, which goes to the company.
How these kinds of companies work is that, they have developed bad credit consolidation companies and then take the processing and services and place it in for profit company.
If the company is authentic then the non-profit debt counselors will teach you how to manage all of your debts and just not to simply pay off all your credit card bills.
Other issues with non-profit credit card debt consolidation is they are not making complete payments to the creditors, making late payments or not making payments at all.
Lots of these bogus non- profit credit companies do not tell their consumers that if they fail to keep to the program, many of their creditors will not allow them to work with another debt program for at least a year.
Also be aware that you could be in worse debt than when you started by engaging these debt consolidation companies.
There are few companies out there that are real and genuine, consumer advocates believe that most of them are out to turn your debt into their profit, which means that the bad credit debt consolidation companies will keep you in debt.
There are many bad credit consolidation companies that are being sued by attorney generals and the FTC and the IRS is conducting an investigation on whether they are truly non-profit, so it is important that you should be very careful.
The professionals highly recommend that you do not do business with any credit debt consolidation companies, however, if you want to take the chance with your credit and your money, make sure you check out the local consumer protection agency and the Better Business Bureau.