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Bad Press towards debt consolidation companies

I have read an article about debt consolidation companies recently. It assumed that almost debt consolidation companies are bad. Run, don’t walk from them. Some of the companies above advertise prominently that they are non-profit, but others don’t even bother to do that.

Quote:

The days of Ameridebt are past…and so are debt consolidaiton companies. The title [...]

Christian Debt Consolidators

Christian Debt Consolidators consolidates your debts without the need for a loan. All of your outstanding bills can be consolidated into one, low monthly payment that will be catered to fit your budget. Your monthly payments can be reduced up to 60%.

Contact Information:
Toll Free: 1-866-958-DEBT (3328)

Address: 201 [...]

Debt Reduction Service Alaska

Debt Reduction Service works with the sole aim of helping its clients become debt free and lead a prosperous life. The company holds its client’s as an asset and shows a personal interest in making the client ‘debt free’.

Debt Reduction Service is very quick and efficient in its [...]

Credit Counseling Center America in Alaska

Credit Counseling Center America provides reputable assistance in debt consolidation and debt settlement. The company has a strict privacy policy. The company also ensures that during its debt consolidation service, the credit report of the client remains unaffected. Also the company assures immediate updating of the [...]

Colonial Home Loans

Colonial Home Loans offers a host of services including Debt Consolidation, Refinancing and Home Loans. The company is known for its fast loan approval and easy refinancing solutions.

The services offered by the company are easy to secure and customer friendly. Colonial Home Loans believes [...]

Gulf Coast Mortgage Co., Inc

We are a full service mortgage brokerage servicing the state of Alabama. We provide $0 down financing for purchases & refinances as well as 100’s of various mortgage programs for all types of credit, from Perfect to Slow to Bad. Let one of our friendly, experienced Mortgage Analysts assist you with you mortgage needs. We [...]

How do debt consolidation companies make money?

Most debt consolidation companies claim to be non-profit, but they make a lot of revenue at the expense of their customers. These companies charge customers in several different ways. Some charge a percentage of the payments made to the lenders. Some keep the first one or two payments for “administration costs”, which can [...]

United Christian Financial

What you need is someone to help – you need a debt management program and United Christian Financial provides the finest available today. The debt management programs pairs you with a [...]

Trans Union Corporation

Trans Union Corporation is a debt consolidation company located in Birmingham, Alabama, United States.

Address: [...]

Debt Relief Counseling Service

Established in 1997, Debt Relief Counseling Service is one of the largest non-profit organization catering to the people’s need for debt counseling and credit handling. Till date, Debt Relief Counseling Service has served more than 2000 people with an aim to raise the credit scores of the participants and also to [...]