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Are debt management companies non-profit?

Non-profit status has been obtained by many credit counseling companies who provide debt management programs. Non profit status means they meet the requirements put forth by the IRS to avoid paying corporate income taxes. The benefit to you is that the IRS forces them to provide you with lots of free educational services and ongoing support as a non profit company. In addition, the fees they can charge for their debt management programs are capped at a very reasonable level to make them highly affordable to people in need of realistic financial assistance.