A lot of different debt consolidation agencies who purport to be non-profit agencies really do stand to make a profit at the expense of people in need of debt counselling, according to a recent report. Although these companies claim to bne non-profit, thus benefitting the people in need of their service over the business as a whole, many have been found to charge high fess to most of their customers. In addition, the consumer debt sounceling that some offer have been found lacking insofar as legitimate advice. Some of these companies have been caught redhanded giving advice that is not correct or a downright lie as well as charging high fees. What this amounts to is the abuse of their non-profit status in order to lure desperately hopeful people in. There are estimates that suggest that American debt is grwoing, and that with over nine million people contacting a debt counselling service each year the industry is becoming a big business.
Many companies have an agressive attitude towrds reeling in clients and maximizing on their business despite the fact that they are supposed to be non-profit. These businesses are really only using the non-profit status as a pretense,...
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