Hi, Is there really such a think as a nonprofit debt consolidation company? Are any even reasonably fair?
Thursday, March 5th, 2009
Julia S asked:
I’ve called several companies who consider themselves not-for-profit but when I talk to their reps, they start throwing out different fees which definitely are above common administrational costs. A couple of other companies I’ve called are somewhat reasonable with their fees, but the interest rates are bad. It seems as though they’re supporting themselves through whichever financial institution ends out loaning the money. Maybe I’m wrong and just haven’t found the right company??
I’ve called several companies who consider themselves not-for-profit but when I talk to their reps, they start throwing out different fees which definitely are above common administrational costs. A couple of other companies I’ve called are somewhat reasonable with their fees, but the interest rates are bad. It seems as though they’re supporting themselves through whichever financial institution ends out loaning the money. Maybe I’m wrong and just haven’t found the right company??
Does anyone know of ANY debt consolidation companies that are reasonable? Low, fixed interest rates, no penalty for early payment of the loan, no hidden costs, etc.?
Any help you could give would be very much appreciated!
Julie
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