Lesson 10: In our ongoing Wealth Wisdom video series, we’ll teach you financial fundamentals. In this tenth lesson, Terry Kuykendall, a budget analyst for the military, will talk about non-profit debt consolidation companies:
Here’s a summary of what we learned in the video:
- Non-Profit agencies exist to assist people in need of debt help at a low rate.
- You will still have to pay them, but it will often be less expensive that a for-profit agency.
- They will help you get a low interest loan to pay off your high interest debts.
- Financial counseling will help you remain out of debt once youre paid off.
- They can also help with negotiation letters and talk with companies. They are experts at this.
- The easiest way you can find non-profit debt consolidation companies is on the internet.
- Contact the Better Business Bureau to make sure they are a reputable company without any complaints against.
Learn More: Debit cards can be a great way to keep yourself from dipping back into debt. If what you’re currently facing is Credit Card Debt, you can read more here.
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