Consolidating non profit organizations
The calculators range from assessing how much down payment you need for a house based on different home loan interest rates, to the amount of time it takes to pay off a credit card when paying only the minimum balance each month.
Some nonprofit debt consolidation companies are also approved by the government to provide pre-bankruptcy counseling and post-bankruptcy credit counseling courses.
Bylaws and other legal documents are amended to give the parent legal status as "sole member" of the subsidiary (referred to, in nonprofit terminology, as the "controlled" organization), or to serve as the governing board of the controlled organization or to appoint its board. The surviving organization is the legal successor to the other for liability purposes, in contrast to dissolution.
Peeking out from under your pile of bills is a postcard that looks like your saving grace: smiling, happy people proclaiming that they are free from debt -- and that you can be, too!
The company's Web site is filled with testimonials from cheery faces, all saying how the company freed them from debt.
Two or more organizations agree by contract to a collaborative effort (joint funding proposal or program, contract for combined administrative services).
The organizations remain legally independent from each other, final legal authority remains with their separate boards of directors.