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What are debt consolidation non-profit agencies and do they hurt your credit report?

Debt management counseling services can assist you in setting up a budget and a debt repayment plan. Non-profit financial counseling agencies usually charge for their services. The amount you will be charged depends on your ability to pay. Using a reputable nonprofit debt consolidation agency will not hurt your credit rating. In fact, it can help your credit rating if you pay your debts as agreed to in your debt repayment plan.

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