Debt relief companies have made a lot of bad press in recent years. Stories about people who are themselves in a non-profit companies and debt relief get torn down all too common.
So, if you lose sleep over credit card debt, what do you do?
Do your homework. Since not all non-profit debt relief companies are fraud and not all will demolish you. In fact, many of these companies are legitimate and help from people> Debt.
But consumers are lured by the word "non profit" and think that the service is free. Just because a company is "non profit" does not mean that they are not for their service.
The problem is, if consumers are charged and do not receive service. That is, get ripped where many consumers. The payments are received from a consumer debt by the company, and are not forwarded to their creditors.
As consumers hit with late fees, and their lackPayment is on their credit report.
How can consumers protect themselves with credit card debt when hiring a non-profit debt relief companies?
1) Compare the benefits and costs of several non-profit debt relief companies.
2) Ask lots of questions - if a company does not answer questions before you sign up, chances are they will not react when you log on.
3) Check the company BBB report www.bbb.org
4) What is an online searchthe name of the company and see what others have to say about the company.
5) Read the fine print before you sign on the dotted line!
In a perfect world would be a non-profit company to serve the best interests of consumers of IT services. But in the world of credit card debt and non-profit debt relief, consumers must be for the dangers they may be aware of the face.
And if the above steps are followed carefully, the consumer will drastically reduce the likelihoodthat they will get "ripped off" or victims of a non-profit debt relief fraud. And increase the chances that they get the help they need to resolve the debt and their financial problems!
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