Is accredited debt relief legit?

Accredited Debt Relief is a reputable firm that helps consumers out of debt with debt settlement—a process that aims to help settle debt for less than what is owed. Founded in 2011, this company offers a free consultation and a money-back guarantee.

Is Consolidated Credit a nonprofit?

Consolidated Credit is one of the nation’s largest nonprofit credit counseling services. We’ve counseled 10.2 million people since 1993. This guide can help you understand how the process works and how it can help you.

Is National Debt Relief a non-profit?

There are no nonprofit debt settlement companies. Debt settlement typically requires that you stop paying your creditors, and instead make monthly deposits in a savings account.

What is the difference between a non-profit credit counselor and a debt relief company?

Credit counseling organizations are usually non-profit organizations that advise you on managing your money and debts and usually offer free educational materials and workshops. Debt settlement companies offer to arrange settlements of your debts with creditors or debt collectors for a fee.

Are there any non profit debt consolidation companies?

Nonprofit debt consolidation companies deal exclusively with unsecured debt, mostly in the form of credit card debt through their debt management programs.

What’s the end game for nonprofit debt consolidation?

The end game for nonprofit debt consolidation isn’t all that different from traditional consolidation methods – you end up with a single, manageable, lower-interest payment – but it’s important to understand the process and how to choose the program that’s right for you. What Is Nonprofit Debt Consolidation?

Which is an example of a debt consolidation company?

You can consolidate your unsecured debt under these plans through the non-profit debt consolidation companies. Unsecured debt is any money you owe that is not backed by collateral. Examples of unsecured debt are credit cards, department store cards, personal loans, and lines of credit.

How does a nonprofit agency help with debt?

Nonprofit agencies give you a free credit counseling session, then offer options on solving your problem. It really is that simple. Listen to your financial problems, help you develop a budget and then offer you options to eliminate your debt.