Will Someone Finally Tell The Truth About Non-Profit Credit Counseling?

Yes, this is a bold topic. I am so tired of the articles put out by the propagandists extolling the virtues and saintliness’ of the non- profit credit counseling industry, tha this article had to be written.

They would have you believe that only a non-profit credit counseling program can review your budget, and find a real solution to your debt problems. Really? As a former regional manager of a national non-profit, allow me to set the record straight.

Non- profits are completely in the pocket of the banks. You know which pocket that is? It's the one where you keep your money clip. The truth is, it is the banks that conceived of this industry as a way of limiting out and out defaults of credit card holders, after they raped consumers with those 29.99% interest rates. The idea was, after ripping you off for years at the high interest rate, they were happy to get your money through a non-profit, whom they would pay for every dollar collected, as long as that money kept coming.

That's right. The non-profits survive only at the will of the banks. This is one of the big reasons you read so much negative information about the debt Settlement industry. The banks cannot control it, nor do they benefit by it. It would be an eye opening experience to know the salaries of some of the directors of the non profits. Believe me that money is not coming from charitable donations for the wonderful work with the poor which they so valiently perform.

OK, so , do I believe non-profits serve any good.? Of course,Debt Management Program can be a lifesaver for some. But, what about when a person is months into collection? They are completely impotent to help. What about when a person needs a Bankruptcy, but the new laws will not allow for bankruptcy relief?

The debt relief industry has evolved out of necessity into companies that are capable of offering multiple debt relief solutions to consumers. And what a wonderful thing that is, for the consumer.

These companies will analyze a persons budget, and situation, just as the non-profits do, and are capable of implementing the best resolution for the consumer. The counseling is free, and they are paid not by the consumer.

So, consider these things the next time you read something negative about a for profit company that has chosen to operate outside of the realm of banking control.

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Written By
Steven Ciantro
Certified Credit Counselor
American Debt Enders
877-766-2465
help@americandebtenders.com

Comments

[Nancy]

Hi,

I came across your website freecreditcounselingblog.typepad.com and found it very informative and helpful. I would like to send you an article as a guest post.

It will be my pleasure if I can contribute some quality content. Please kindly let me know how and where should I send you the article.

Waiting for your quick response.

Thanks and regards,
Nancy Smith.

[Non Profit Credit Counseling]

People think that when they hear nonprofit, it means that the organizations aren't making any money off of what is being donated. This is not the case. Nonprofit just means that the organization has a balance of zero at the end of every fiscal year.

[Steven Ciantro]

Thank you for your honest comment--It is much appreciated.
To many people think that non-profit means that the service should be provided free of charge.