There is nothing as such called non-profit debt consolidation agency. It is just a status given to some debt consolidation agencies by the IRS. You will have to pay some fees to these agencies while you take their help in consolidating your debts.
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Non-profit debt consolidation companies do exist. However, they do charge a nominal fee for their services. They will not offer free service to you. The only difference from the for-profit consolidation companies is that they don't pay any tax to the IRS. To know more about non-profit debt consolidation, take a look at the following page: http://www.debtconsolidationcare.com...on-profit.html
You can go through our ranking chart section to know about for-profit and non-profit debt consolidation companies in Minnesota.
By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.