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NonProfit Credit Counseling

The Differences Between NonProfit Credit Counseling and For-Profit Services

Nonprofit credit counseling organizations receive funding from voluntary contributions from creditors. This allows these agencies to provide services to anyone, regardless of income level, at a lower cost. While the nonprofit credit counseling agencies do charge fees, these are minimal and for those in severe financial hardship, fees are often waived. No one is turned away because they are unable to pay or even when they are simply shopping around for effective debt management solutions.

In contrast, a for-profit credit counseling service's fees are much higher, because the goal is to make money. Additional funding sources are not available, either, to offset any costs to the customers.

NonProfit Credit Counseling for Financial Hardships

Nonprofit credit counseling agencies offer a wide range of services, from consolidating your debt to bankruptcy counseling. By the time a client is considering bankruptcy, their financial burden has grown out of control. The client feels great pressure and desperation, and wants to find an easy, quick solution to release the heavy debt load. Talking to a professionally trained counselor at a non-profit credit counseling organization like American Consumer Credit Counseling (ACCC) can help the client weigh the options and often find a much better solution than filing for bankruptcy.

ACCC is approved by the Department of Justice to provide pre-bankruptcy credit counseling when you are considering filing. During this session, a certified counselor will review your current financial situation and help you set up a realistic, manageable budget. The counselor will also talk about the different types of debt repayment options that are available, including bankruptcy, along with the advantages and disadvantages of each. When the session ends, you will receive a credit counseling certificate to submit to the courts if you decide to proceed with bankruptcy.

For those who file for bankruptcy, ACCC also is authorized to provide post-bankruptcy debtor education. During this two-hour session, your counselor focuses on how to maintain control of your finances after bankruptcy. After this session, you receive another bankruptcy certificate that must be filed with the courts before your debts can be discharged.

Talk to ACCC about Your Credit Counseling Needs

Whether you're looking for advice on consolidating your debt or information on reverse mortgages, ACCC is the place to come for all of your nonprofit credit counseling needs. We can provide advice on buying a home, getting student loans, and even share tips on how to talk to your children about managing credit wisely. And our pre-bankruptcy counseling services have helped hundreds of clients make the best decisions about whether bankruptcy was indeed right for them.

Our counselors are standing by, waiting for your call. Why not take the first step toward financial freedom and pay off debt?

American Consumer Credit Counseling is a non-profit credit counseling and debt relief company dedicated to helping consumers with solutions for paying off credit card debt and eliminating debt for good. We offer free credit counseling and low-cost debt management services that can help pay off unsecured credit card debt quickly – usually within five years or less. After reviewing a client’s financial situation, our counselors discuss all the possibilities for finding unsecured debt relief. We can offer debt consolidation advice, explain how debt negotiation works, or discuss the pros and cons of debt settlement solutions vs. credit card consolidation offers. We can also enroll consumers in a low-cost debt management plan, one of the most effective methods for anyone who wants to know how to pay off credit cards fast. And we can provide the pre-bankruptcy credit counseling certification and post-bankruptcy debtor education required by the courts in bankruptcy cases.

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