It's understandable that you would be looking for a nonprofit company for your debt consolidation or debt settlement in these times of recession (or should I say depression). The bar has been lowered and consumers and businesses alike are scrambling to pay down their bad debt and move on with the consolidation loan. However, finding a truly nonprofit that consolidation service sounds much easier than it really is if you are to be listening to most of the web sites I've looked at today.
Nonprofit debt consolidation web sites often talk about consolidating without creating a profit from their clients but in fact I have found very few truly "free of charge" that consolidation services in my short research. If you do a little bit a research yourself you find that nonprofit companies are actually making a serious profit from the spinoff financial products consumers use well they are seeking a debt settlement.
Usually nonprofit consolidation companies will try and convince you to get a free credit report before you even consider a debt settlement or anything of the sort - why? - because they make a profit by referring you to a credit report company.
And it only makes sense - people need to make a profit and there are very few government web sites that actually provide a do-it-yourself, nonprofit consolidation service that does not require you signing up for some other type of financial product.
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