These non-profit companies have pre-arranged agreements with banks and credit card companies to keep a certain percentage of the money they collect as a "donation" from the persons enrolled in their programs who make payments on debts. They never disclose to seniors receiving federally protected Social Security and other retirement income that their income is protected by law and doesn't need to be used to pay old debt. Instead, many lower-income and poor seniors are placed in utter poverty making payments to these companies for debt they don't have to pay. These so called "charitable nonprofit companies" have a classic conflict of interest. Since they are paid by the prearranged donations they can set off, they don't disclose to seniors that their income is protected. Hiding under the guise that telling someone that most basic fact is "legal advice." They are simply con-artists when it comes to seniors. What is particularly sad is that because they are 501 c charities even government agencies and others refer seniors with debt problems to them. Failing to inform someone of the complete truth for your financial gain is a form of fraud. They act in their own self-interest. Otherwise they won't get the donation from the money they collect from seniors.
So what charges are associated with going through the NFCC and finding a counselor? How does the NFCC and the counselor make money of any kind from helping someone like me?
