A nonprofit debt consolidation service provides help to individuals who need counseling on their bills. These services are provided free of charge to the individuals. The nonprofits debt consolidation will help you achieve financial freedom. Here are a few guidelines to help you choose one:
- The counselor will budget everything for you including your income
- They will gather all your bills, total them, and come up with an amount you can handle
- When everyone is in agreement, you will send the amount to your counselor and they will distribute it to your creditors
- Many credit counselors can get the credit card companies to get rid of a huge portion of interest if not all of it
- Read through any written agreement they give you
- Check to see if any complaints have been filed against the service you choose
- Make sure you chose a nonprofit service because of their fair fees and they are very educated when it comes to debt consolidation.