When we’re asked how OCCA is different from non-profit credit counselors, we’re happy to respond by stating “OCCA works for you, the consumer – not the creditor.”
Unlike other services, we do not receive financial support from any of the creditors we are negotiating with. It is important to know that “Not for Profit” does not mean “Not for Income”; and it certainly does not mean “Free”.
There are costs associated with every business.
Other companies factor their costs into the payment arrangement they make for you. Your creditor then ‘kicks back’ a portion of your payment to the other company, many times referred to as a “donation”; the industry average is 15%. This means they MUST get you on a payment plan and it MUST be in the best interest of the creditor, or they will not receive any money for the work they do. The more you pay monthly, the more $$$ the non-profit firm makes in “kick-backs”; sorry….“donations” from the creditors.
At OCCA we believe this is a conflict of interest.
Compare the contribution sources between the non-profit credit counseling firms, Nomoredebts.org with those of OCCA [source from nomoredebts.org 2010 Annual Report]
The facts make it clear – OCCA is supported by you, the consumer, and will not accept any financial support from any creditor. No conflict of interest there!
We invite you to listen to what our President, Ed Portelli, has to say about what makes OCCA stand out from the other debt counseling organizations. Click here to see Lucy Zilio interview Ed Portelli at OCCA Consumer Debt Relief: http://youtu.be/S7BuBjisTcc.
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