Enjoy! Add me on Instagram: Irv.Official
?Start-up Funding Business/Personal: https://bit.ly/3BXsujW
?Secret Lenders List (FREE): https://bit.ly/3lu2oAC

? Personal Credit
?Credit cleaning Bundles & E-book: https://bit.ly/3s0kGKI
?Ultimate Credit Hacks & Financial Literacy Academy: https://bit.ly/3isRFEr
?Boost credit score by up to 40 points in only 10 days Use code: IRV25 (Get $25 OFF): https://bit.ly/3biNHuK

? Business Credit
?Business Credit MasterClass: https://bit.ly/3km9YMs
?Build Business Credit (Done For You Service): https://bit.ly/3r0iqTI

? Business Funding
?Start-up Funding Business/Personal: https://bit.ly/3BXsujW
?Divvy Business Credit Card: https://bit.ly/2XDuEXT
?Capital On Tap: https://bit.ly/3levUdy

? Youtube Course
Learn how to get your FIRST 1000 subscribers on YouTube, get MORE views on your videos, GROW your audience, and turn your Youtube channel into an INCOME source: https://bit.ly/33dXME0
$100 OFF coupon code: SAVE$

? Podcast Channel: https://www.youtube.com/channel/UCbzZL5QpzXqRoJ019sHDYSQ

FOLLOW ME:
Instagram: https://www.instagram.com/irv.official/
Facebook: https://www.facebook.com/irvofficial1/
Tik Tok: https://www.tiktok.com/@irv.official?..

DISCLOSURE: Some of the links on this page are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Affiliate commissions help fund videos like this one.

I am not a financial advisor. The ideas presented in this video are for entertainment purposes only. You (and only you) are responsible for the financial decisions that you make.

Are Not-For-Profit Credit Counselling Agencies Now Just Debt Collectors? – Debt Free In 30 – A Personal Finance Podcast. A debt collector does just what the name suggests: they collect on unpaid debt. They won’t review all your debt relief options with you or give you a plan that makes debt repayment realistic and affordable. Their only goal is to recover as much debt for the creditor as possible. That’s how their business makes money.
You might be shocked to learn that not-for-profit credit counselling agencies are now operating the same way. In fact, they are formally registered with the Ontario government as debt collection agencies. Credit counselling agencies have changed. Most are no longer registered charities. Credit counselling agencies don’t do a lot of budgeting or actual counselling anymore either. Credit counselling organizations in Canada today are big, national call centers. Now when you call a credit counsellor, you’re sold a debt management plan (DMP), where you repay 100% of the debts you owe, but with a lowered interest rate. Credit counselling companies sell this regardless of whether that’s the right course of action for you because they are sponsored by financial institutions to do so.
We take a deep look at why not-for-profit credit counselling agencies have become nothing more than debt collectors. We also examine the implications for you as a debtor in need of help.

URL: https://www.hoyes.com/blog/are-not-for-profit-credit-counselling-agencies-now-just-debt-collectors/