If you’ve gotten yourself deep in debt, or have fallen behind on your monthly bills you may be wondering if credit counseling or debt management can help. Despite the promise... read more →
Credit counseling often involves negotiating with creditors to establish a debt management plan (DMP) for a consumer.
A DMP may help the debtor repay his or her debt by working out a repayment plan with the creditor.
DMPs, set up by credit counselors, usually offer reduced payments, fees and interest rates to the client.
Credit counselors refer to the terms dictated by the creditors to determine payments or interest reductions offered to consumers in a debt management plan.
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If you’ve been struggling to keep up with your debt payments or need some professional advice about your credit, you may have considered talking to a credit counselor. Credit counseling... read more →
Using proper credit and debt management strategies is essential to getting back on financial track, post holidays. Here's what to do and how to do it .... a. Establish a... read more →