non profit credit counseling services

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non profit consumer credit counseling service

Non Profit Credit Counseling - Wish Debt Freedom

What’s the difference between Non-Profit Credit Counseling and Debt Consolidation?

Sometimes when in debt, non profit credit counseling services is the only remedy. The financial crisis is in such a pandemonium that there is hardly any hope of recovery. This is the stage where we show our efficiency to haul you out of the debt pit and put your finances back on track.

Once you fill up the form, it becomes our responsibility to offer you quality credit counseling service and make you debt free. The sessions with our financial experts is free and without any obligation. We have a range of financial services to offer like debt consolidation program , Debt management plan and debt settlement programs.

Advantages of availing free credit counseling from non profit organization

  • Reduce or even get rid of penalties
  • Build capital and increase the cash flow.
  • Stop collection calls.
  • Reduce the rate of interest.
  • Get rid of debt
  • Certainty about financial freedom
  • Feel relaxed …… no mental stress about debts

Know more about credit counseling companies work for non-profit

Non profit consumer credit counseling can be offered by only those companies that have been granted the status of non profit by the IRS. These companies are not compelled to offer their services free of cost.

LoansStore is one of the leading reputed credit counseling organization that negotiates with your lenders or creditors for debt reduction and affordable monthly payment and thus assists you at reducing your overall debt. For smarter way to get out of debt quickly click here to avail non profit credit debt consolidation program.

Avail The Relief Offered By The Best Non Debt Credit Counseling Programs CLICK HERE

How Non Profit Debt Counseling Companies work

If you want to be sure about the non profit status of the company, you should first check the "About Us" section and find if the IRS has approved the company under clause 501(c) (3) and conferred upon it the non profit charitable organization status. This is also applicable to debt consolidation non profit organization. The non profit organizations are exempted from tax but this exemption depends on the state laws and varies from state to state. Avail The Services Of A Genuine Company company who really works for non profit.

Advantages Of Non Debt Counseling Programs

  • The sole purpose of the services offered by the non profit organization is to reduce the monthly payments as well as the rate of interest.
  • The debt reduction is sought through minimizing or eliminating the penalties or late fees.
  • These nonprofit credit counseling companies convert the multiple debts into a single debt. They accept single monthly payment and then distribute it among your creditors or lenders.
  • You as a debtor do not have to service each lender individually; we do it instead. We see to it that you are no more harassed by the collection calls.

The Aftermath

This is about the scenario after registering for non profit consumer credit counseling service with us. The first session with our financial expert is free and without any obligation. Once you register with us, a registered non profit credit counseling agency, your financial situation is reviewed and an analytical report about your income and expenses is prepared.

On the basis of the budget that you can devote for debt servicing, we negotiate with the collection agency or the creditor. Finally we come out with a monthly payment that is affordable and with a lower rate of interest so that you can get rid of the debt the easier way.
For Quality, Effective And Affordable Nonprofit Credit Counseling Services. For Quality, Effective And Affordable Non-profit Credit Counseling Services

There is a lot of confusion on the Internet about the difference between non-profit credit counseling services and unsecured/credit card debt consolidation. Here we will try to explain the difference between the two, and to look at some of the advantages of each.

Non-Profit Credit Counseling

Main goals can vary from organization to organization:

Financial Education

  • Money Management and how to Save
  • Creating a Budget that works
  • How to manage your Credit Cards
  • Bankruptcy Education
  • Insurance Education
  • Homeowner Education
  • Retirement Education

Credit Counseling

  • A credit counselor can advise you on managing your money more efficiently;
  • Offer solutions to your current financial dilemma, including:
    • Debt Consolidation
    • Bankruptcy
    • Mortgage Loan Modification
    • Short Sale
  • Develop a personalized plan to help you prevent future difficulties.

Develop a personalized plan to help you prevent future difficulties.

  • Pre-purchase counseling to teach you about the buying process and the lending process;
  • Foreclosure Prevention: a counselor will offer you guidance on how best to avoid default or foreclosure. Working together you will explore different ways to resolve your mortgage situation;
  • Reverse Mortgages: A counselor can show you the steps to getting a reverse mortgage when you are retired.

Debt Consolidation

The main goals of debt consolidation are to help you regain control over your finances, while avoiding bankruptcy, by:

Reducing your Debt and Repairing your Credit.

  • All Unsecured Debt is Consolidated into one low monthly payment, up to 50% less or more than you are paying now. This can include:
  • Major Credit Cards (e.g. Visa, MasterCard, Discover, Amex, etc.)
  • Store Credit Cards
  • Gas Credit Cards
  • Unsecured Loans
  • Unsecured Credit
  • Medical Bills
  • Professional negotiators contact all of your creditors to
  • Reduce your interest rates as low as possible, often to 5% or less
  • Get late fees and over limit fees dropped, removed from your credit record, and often refunded for up to several months back
  • Arrange a payment plan where most of your payment goes toward principal, and not to interest and fees. The plan can pay off your debts completely in 24 to 42 months, as opposed to up to 25 years, if you just made your minimum payments now.

What is a Debt Consolidation Loan?

Credit Card/Debt Consolidation is not the same thing as a debt consolidation loan. A debt consolidation loan is a form of mortgage refinancing that allows you to refinance your mortgage and take out cash from your equity to pay off your creditors.

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