Why is DCC’s non-profit status important?
Many companies provide debt consolidation. Only not-for-profit companies are regulated by the Internal Revenue Service. Other companies are “for-profit,” and are not regulated. Also, since for-profits do not receive funding from creditors, they charge YOU, the Consumer, higher monthly fees and start-up charges. In addition, the majority of creditors will not work with for-profit companies or give the same benefits. Finally, for-profit companies usually do not provide the consumer with any education about debt management and how to avoid future debting.
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