Ask Nelson is a FREE research tool for British Financial Information

UK LOANS, MORTGAGES AND FINANCE INFORMATION

SECURED LOAN FINANCE STATUS & NON STATUS LOANS
FREE PHONE
0800 169 5297 (Homeowners only please)

Go4aMortgage

Commercial
Residential
Buy To Let
Re-mortgages
NON Status & CCJ
Self Build Mortgage

NEED MORE INFORMATION?

BANKING	PENSION	MORTGAGE
Banking Online Banking Business Banking Banking Loan Offshore Banking Building Societies Cash ISAs Current Accounts Savings Accounts Alt Search Terms	Annuity Retirement Planning Personal Pensions Stakeholder Pensions Pension Transfers SIPPS Pension Advice Pension Company Pension Scheme Alt Search Terms	Mortgages Adverse Credit Buy to Let Equity Release Mortgages Mortgages Overseas Self Certification Mortgages Remortgage Mortgage Brokers Mortgage Providers Alt Search Terms
UK Financial Services Sub-categories: Accounting \| Banks \| Building Societies \| Corporate Finance \| Credit Services \| Currency Services \| Debt Collection \| Directories \| Factoring \| Financial Consultants \| Fund Management \| Independent Financial Advisors \| Information Services \| Insurance \| Leasing \| Merchant Services \| Offshore Services \| Organisations \| Personal Finance \| Publications \| Regulation \| Socially Responsible Investment \| Stockbrokers \| Taxation Article Index: 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8

Are Non-Profit Credit Counseling Agencies a Better Bet for Consumers?

By: Michael Martin

Non-profit credit counseling agencies enjoy special benefits because of their status. There is a tax advantage; non-profits enjoy tax exemptions on both a state and federal level. Non-profit agencies are also eligible for both public and private grants to support their mission.

Non-profit agencies have a better reputation among both creditors and debtors. In order to initiate Fair Share contributions, non-profit status is mandatory. Some states even allow non-profit agencies greater freedom from consumer protection laws. Debtors feel more comfortable dealing with a non-profit agency than one with a more commercial focus.

Most major credit counseling agencies flaunt their status as non-profits, but some fail to live up to that promise. Some unscrupulous agencies are using their non-profit status to lure in unsuspecting clients and to fleece them. Debtors need to look beyond the non-profit label and investigate the agency before enrolling in a credit repair program.

Some consumer credit counseling agencies are truly in it to help people get back on the road to financial well-being. Agencies accredited by the National Foundation for Credit Counseling or the Association of Independent Consumer Credit Counseling Agencies offer reputable services to their clients. Such agencies will not make false claims about fixing credit histories or credit scores; they will paint a realistic picture of your situation and tailor their actions to meet your needs.

Before enrolling in a credit counseling program, you should research the agency carefully. Check with the Better Business Bureau to see if the agency has a history of complaints. Visit online forums to read reviews from former clients. Make sure that the agency is reputable and reliable before granting access to your financial information.

Solid, reputable credit counseling agencies are an invaluable resource for debtors who have reached the end of their financial rope. A good credit counselor will work with you to create a personalized budget and debt management plan, while working with your creditors to reduce monthly payments. Lowering interest rates and erasing finance charges and late payment penalties are another way a reliable counselor can help you. A counselor�s ability to eliminate phone calls and dunning letters from creditors is enough to make most consumers glad they chose to enter credit counseling.

Michael Martin is a knowledge seeker and publisher of FinancialKnowledgeCenter.com. Here he provides more information on credit cards, credit counseling and The How To's of Credit Counseling Agencies that will engage your curiosity and stimulate your mind.

This article is free for republishing

Article Source: http://www.articlealley.com

RSS integration by RSSinclude

Go4TechInfo.com
Main Category:
Technology
Sub-categories:
Acoustics, Ultrasound and Vibration
Aerospace Engineering
Automotive Engineering
Biomedical Engineering
Chemical Engineering
Civil Engineering
Computational Engineering
Conferences and Events
Cryotechnology News
Cybernetics News
Electrical Engineering
Electronics
Energy
Engineering News
Food Science
Industrial Engineering
Invention and Innovation
Lighting Inovations
Manufacturing Technology
Materials in Engineering
Mechanical Engineering
Metallurgy News
Metrology Links
Military Science
Mining Technology
Nanotechnology News
Professional Exams
Pyrotechnics Research
Quality Engineering
Reliability Engineering
Safety Engineering
Sanitary Engineering
Science Directories
Science Organizations
Software for Engineering
Space Travel and News
Structural Engineering
Technology Academia
Technology Education
Television Development
Transportation Research
Welding
Popular Search Terms
1 - 2 - 3 - 4 - 5 - 6 - 7
Article Index 1 - 2

CLICK HERE!

Travel Options
HOTEL + AIR | HOTEL + AIR + CAR

AskVicky - AskAnn's Best Mate!

Jack at Sea - an online cruise 7 holiday diary

Blog/Diary Events 15 to 26 Jan 06 - New York to Rio de Janeiro
The pages recording the "Shenanigans" and controversy of the first leg of our voyage.
Blog/Diary Events 27 Jan to 7 Feb - Rio to Valparaiso
Happier times, great pictures, finally 'round the Horn, some funny stories along the way.
Blog/Diary Events 8 to 22 Feb - Valparaiso to Los Angeles
A sad tale of sickness and quarantine with some memorable tours and a "cunning plan"...
Using the Time
Research at Sea - An amazing collection of useful links and research topics.
Reading Articles at Sea
Music
1 - 2 - 3 - 4 - 5
Travel & Leisure
1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 10

1st4Capital UK Loans

Homeowners
Non Homeowners

Bad credit history
CCJ's or Mortgage

NEED MORE INFORMATION?

Return to Index

� The information on this page has been gathered from various sources.
Where possible, AskNelson links back to the original sources.

NO LIABILITY WILL BE ACCEPTED FOR ANY ACTIONS CARRIED OUT IN RESPONSE TO ANY INFORMATION DISPLAYED BY WEB SITES LINKED TO BY AskNelson. YOU SHOULD ALWAYS SEEK PROFESSIONAL ADVICE BEFORE MAKING ANY FINANCIAL DECISIONS.

SECURED LOAN FINANCE STATUS & NON STATUS LOANS FREE PHONE 0800 169 5297 (Homeowners only please)

Are Non-Profit Credit Counseling Agencies a Better Bet for Consumers?

SECURED LOAN FINANCE STATUS & NON STATUS LOANS
FREE PHONE
0800 169 5297 (Homeowners only please)