With so many people encumbered by debt, debt management companies continue to mushroom to provide assistance as well as to make money. Many are intent on helping their clients eliminate debts while some others are more bent on the money making side of the business. That is why to avoid throwing your money at some debt relief firm, do some research before signing up. For this post, let us point the spotlight at Debt Management Credit Counseling Corp.
Debt Management Credit Counseling Corp – A Nonprofit Firm
Debt Management Credit Counseling Corp is a nonprofit organization that provides services such as credit counseling, debt consolidation and management. The firm also conducts seminars on financial literacy open to the public. They also also provide these seminars in high schools, colleges and even online. For most students, this financial literacy program helps in preparing students better handle their finances when they start working especially if they already incurred student loans.
The organization begun its business in 1999 providing debt consolidation services, credit counseling and management services. It is also known by the acronym DMCC and holds office in Deerfield Beach Florida.
Debt Management Credit Counseling Corp – Rated A+ By BBB
The Better Business Bureau of South East Florida has given this debt management organization an A+ rating, based on 16 factors. It has joined BBB since the year 2000. The said firm garnered this highest rating (on a scale of A+ to F) based on specific factors including length of time business has been in operation, volume of complaint filed with BBB relative to its size, the firm’s response to seven complaints filed against them and how they were able to resolve the complaints. Based on BBB records, there are no government actions filed against the organization. It takes part in the BBB Identification Program and has consented to resorting to certain procedures such as arbitration to settle disputes if needed.
How Does Debt Management Credit Counseling Corp Handle Payments Received From Clients
BBB reports that the nonprofit company claims that all payments that they receive from their clients for the plan are paid out within one day upon the clearing of the funds. Payments made via mail are posted to the account of clients within seven to ten days while those paid electronically are posted within three days.