In the past year the North Carolina Attorney General has had to file suit against operations that pretended to be
nonprofit credit counseling groups by placing local telephone book advertisements.
According to the Advantage Credit Counseling Service website they are a proud member of the National Foundation for Credit Counseling (NFCC), a trade / member organization of many
nonprofit credit counseling groups across the United States.
The public perception is
nonprofit credit counseling groups are providing sound financial advice to guide consumers into making safe decisions about how to handle their finances.
Not exact matches
The question is, does a
nonprofit charitable
credit counseling group assist consumers to make the best financial decision for the consumer or for the
credit counseling group?
Since
groups like Advantage
Credit Counseling Service are
nonprofit IRS 501 (c) 3 charities they are required to file tax returns which are public.
CESI Debt Solutions is a
nonprofit group that provides
credit counseling help to not only North Carolina residents but people all across America.
(1) Subject to paragraphs (2) and (3), and notwithstanding any other provision of this section, an individual may not be a debtor under this title unless such individual has, during the 180 - day period preceding the date of filing of the petition by such individual, received from an approved
nonprofit budget and
credit counseling agency described in section 111 (a) an individual or
group briefing (including a briefing conducted by telephone or on the Internet) that outlined the opportunities for available
credit counseling and assisted such individual in performing a related budget analysis.