Non-profit Debt Consolidation Definition

Non-profit debt consolidation is nothing more than debt consolidation pursued with the assistance of a non-profit organization. Non-profit debt consolidation does not utilize a debt consolidation loan, but offers debt consolidation management. Usually, the debtor will surrender debt management operations to the non-profit company and will thereafter make a single monthly payment directly to the non-profit company. The non-profit company will then disburse the payment among the various creditors according to a prearranged plan.