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Beware Debt Consolidation (Your Home May Be Put at Risk)

THE NOTION OF “CONSOLIDATING” (bringing together into a single whole) your loans may seem like a good idea, since it simplifies the complexities of having too many bills that are out of control. However, there is more to debt consolidation

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THE BANKS, CREDIT CARD COMPANIES AND THE NON-PROFIT DEBT CONSOLIDATION COMPANIES – HOLDING HANDS TOGETHER!

DO YOU KNOW HOW THE NON-PROFIT DEBT CONSOLIDATION COMPANIES GET PAID? I guarantee you, it doesn’t all come from the $35 monthly fee that each person pays.  The non-profit debt consolidation companies get paid 8% of the money they collect

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NON-PROFIT VS. FOR PROFIT, WHAT DOES IT MEAN?

It’s important to define what non-profit means. Per the Encarta Dictionary, non-profit means: “an organization that does not operate to make a profit.” Ok.  So, what is a non-profit company’s objective? To be a benefit to the community.  That means

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WHAT IS DEBT CONSOLIDATION?

TRUE OR FALSE: DEBT CONSOLIDATION IS THE “NON-PROFIT” COMPANIES THAT “HELP YOU” TO GET OUT OF DEBT? You’ve seen the ads on TV on how they will help to “lower your payment” and “help get you out of debt faster”

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