When a consumer is laden with debt and being bombarded with telephone calls from overly aggressive debt collectors, time is of the essence! But there is another hitch; most people with debt problems cannot afford to pay for attorneys to deal with the aftermath. One little known but powerful solution you should think about is debt consolidation non profit organizations.

If you are worried with credit card debt, a debt consolidation non profit organization may just be the godsend you were hoping for. Essentially, these organizations operate as service to consumers. They are classified as non profits because they are not structured like your typical for profit company. Their mission is not profit; their mission is to assist debtors to get out of debt. Think of debt consolidation non profit organizations as the Red Cross of the debt industry.

Have you looked into utilizing a non profit? Do you sense that these organizations can really help you to get out debt? Like the majority of men and women, if this is your first time hearing about these types of corporations, its possible you have a great deal of thoughts such as the ones mentioned.

You need to not worry at all because going this route has become a common option these days. Lots of Americans are sinking in debt and they want out! The primary culprit being credit card debt. And of course not realizing that credit card companies have rigged their plastic money with loan shark type interest and fees. Once you use their money, they make it hard for you to pay it off.

There is your explanation as to why non profit debt consolidation agencies have become necessary facet of our daily lives. Be cautioned; a number of businesses claim they can help you to get out of debt for free. Certainly, you must have encountered those sorts of commercials? Those are untruths! They are simply billing you by billing your creditors for the work they perform. Those are in fact, in it for profit debt settlement companies coming across as non profit consumer credit counseling agencies.

Even worse, some of the companies advertising are straight up illegitimate! Meaning they are out to take advantage of stressed out debtors. Consequently, you need to trust but verify. To start with you will need to put together a listing of potential businesses and after that, audit all of them through the Better Business Bureau, the FTC, your Attorney General and be sure they’ve got the proper registrations and licenses to do business in your state. The businesses that clear those hurdles tend to be suitable final candidates.

During the interview you can find out some other facts related to the debt consolidation non profit service. First of all you need to find out the fee they charge for their service. Secondly you need to find out the new interest rate once your debts are successfully consolidated and what your new reduced payment will be. You also need to inquire about the various rules and regulations related to the consolidation agreement.

That is why the tried and true comparison shopping is your friend. That path will assist you to select the consolidation agreement with the most affordable interest rates, minimum installments in the shortest amount of time. It seems like a great deal of work but be assured, using a debt consolidation non profit organization will certainly help save you a small fortune and give you back your peace of mind.

Click here to understand why Certified Consumer Credit Counselor are paid well. And click here to know about the Debt Collection Statute of Limitations.