The advantages of non-profit debt management
When you need help to get out of debt, a non-profit debt management plan is a great place to start. Debt management plans offer a simple way to pay off your debt over time while potentially reducing interest rates, finance charges, and other fees. Unlike debt settlement, a non-profit debt management program lets you preserve and rebuild your credit rating while avoiding potential legal jeopardy. Plus, you won’t have to take out any new loans to pay off existing debt.
At American Consumer Credit Counseling (ACCC), we offer free consumer credit counseling and debt advice along with low-cost debt management services. When you meet with our highly trained credit counselors, you can explore all your options for paying off your debt – including a debt management plan, if that seems like the best approach for your situation and financial goals.
Why choose a non-profit debt management agency?
In the world of debt relief, you’ll find two types of companies offering to help you solve your financial troubles. For-profit debt relief agencies offer approaches like debt settlement, debt negotiation, and debt consolidation, for which they typically charge hefty fees. In contrast, non-profit debt counseling agencies tend to offer free counseling and low-cost services. For-profit companies engage in risky strategies such as asking you to stop making payments to creditors to pressure them to settle. While this approach works for some, there are no guarantees that it won’t leave you even deeper in debt – and in legal trouble as well. In contrast, non-profit agencies recommend sound debt strategies that can preserve your credit rating and lead you out of debt once and for all.
For non-profit debt management firms, education is an essential part of the process, helping consumers to develop the habits that will help them avoid debt in the future. With for-profit agencies, educational resources are typically not part of the mix.
ACCC: non-profit credit counseling and debt management services
Since 1991, ACCC has been helping individuals and families regain control of their finances and learn to live without debt. We provide reputable credit counseling services – including a free introductory credit counseling session – and debt management services with the lowest effective fee structures in the industry.
When you come to ACCC for consumer credit counseling services, you’ll get expert advice and assistance from highly trained credit counselors who thoroughly understand consumer credit issues. Our counselors have helped thousands of people just like you to take control of their financial situation and find a way to live without debt.
In your first free credit counseling session, we’ll talk with you about your financial goals and evaluate your financial situation. We’ll document your income, expenses, assets, and debts, and consider all the possible strategies for dealing with your debt. We’ll present you with personalized options based on your goals, and help you settle on the option that seems best for you.
Additionally, we provide a wealth of educational resources and financial tools that can help you learn more about managing money to avoid debt. Your credit counselor can connect you with tools for budgeting and information about saving for college or retirement, managing tax debt, paying off student loans, and more.
What to expect from debt management
At ACCC, our non-profit debt management plans are one of the most effective ways to manage debt. If your credit counselor recommends a debt management program, you’ll first work to set a reasonable budget that lets you dedicate a certain amount of money each month for paying off your debt. Rather than sending that money to all your individual creditors, you’ll make just one payment each month to ACCC, and we’ll take responsibility for paying each of your creditors on time. As we work with your creditors, we’ll also approach them to seek reductions in finance charges, interest rates, and fees. We may also explore options for re-aging your accounts to give you more time to pay off your debt and to lower your monthly payments.
The benefits of a debt management plan are significant. Having just one monthly payment makes it much easier to pay that amount on time and to stick with your plan. Having support from the team at ACCC will help to lower your stress level and let you know you’re not alone as you solve your financial troubles. And by possibly reducing interest rates, charges, and fees, you may lower the total amount you owe so you can pay it off more quickly.
Most consumers who choose a debt management plan with ACCC are able to pay off their debt over time – usually within 36 to 60 months – while preserving or rebuilding their credit rating.
Why choose ACCC?
When you choose non-profit debt management help from ACCC, you can expect to benefit from:
- Expert assistance and deep experience. ACCC has been in the credit counseling industry for three decades and we’ve helped thousands of individuals and families to find their way out of debt. Our counselors are trained and trusted individuals who know everything there is to know about credit card counseling, debt consolidation, debt settlement, and debt management plans.
- Free counseling and low-cost services. As experts in non-profit debt management services, we offer free credit counseling to all consumers, and the fees for our debt management programs are among the lowest in the industry. We will also waive or reduce fees in cases of financial hardship – we are committed to providing help regardless of your ability to pay.
- Free educational materials and financial tools. With ACCC, you can learn more about effective ways to manage your money and about the strategies and financial habits that can help you avoid debt in the future.
- Convenient services. Our team is available to help you six days a week in person and over the phone, in English and in Spanish.
- Outstanding customer service. We are dedicated to providing superior customer service and ongoing support as long as you need it.
- A reputable company. We have an A+ rating with the Better Business Bureau and we are a member of the National Foundation for Credit Counseling (NFCC).
FAQs: What is non-profit debt management?
What is non-profit debt management?
Non-profit debt management services provide consumers with strategies and tools to overcome their debt and reach their financial goals.
What are the benefits of non-profit debt management?
When you work with a non-profit credit counseling or debt management agency, you’ll benefit from the knowledge of financial experts who can show you all the strategies for paying off debt and help you choose the approach that’s right for you. Non-profit debt management firms typically offer free credit counseling services and very low-cost debt management plans, ensuring you won’t add to your financial stress as you work to pay off your debt. Additionally, debt management agencies provide educational materials to help consumers learn about better ways to manage money and avoid debt in the future.