Credit Counseling/Counselors

5/13/2010 1:18:26 PM

DEBT TERMS:

---Credit Counseling: A service that overlooks ones funding and finances; therefore suggests financial guidance to avoid any other financial mishandling. Credit Counselors contact your Creditors contact your interest rate reductions and authenticate a DMP (Debt Management Plan or Program.---

Debt Consolidation: Compacting two or more debt or loan accounts into one large account. Your payments will be extended and your interest rates and payments will be reduced.

Debt Management Plan or Program (DMP): A specified plan or program that is designed to give permission to your credit counselor to set up a re-payment plan, so that your consolidated loans are equally paid and the monies you provide is evenly distributed to all the accounts that are consolidated.

Debt Negotiation: Usually this program is the last method before bankruptcy. This program establishes a method of lower monthly payments

Debt Settlement: See Debt Negotiation

Comments

Alternate Search Suggestions
American Budget & Credit Counseling | 19 prince street debt counseling works | Continental credit company improve your credit | what is credit bureau of delmarva in my credit report | STANISLAUS CREDIT CONTROL FROM MY CREDIT REPORT | DOES ANY CREDIT CARD COMPANY OR COLLECTION AGENCY SUE PEOPLE WITH CREDIT CARD DEBT, THAT ONLY HAVE SOCIAL SECURITY AND S.S.I. | Legal Forms - Defendant Form to answer Complaint For Breach of Contract In a Credit card case where ex wife had credit card State of Ky. | Your days are busy with writing checks charging items on your credit card opening a new bank account even applying for new a credit card. You may not give these everyday motions a second thought but identity thieves do. | IF YOU OWE DEBT ON SEVERAL CREDIT CARDS AND YOU ONLY HAVE SOCIAL SECURITY AND S.S.I. YOU THEN TOTALLY IGNORE THE CREDIT CARD COMPANIES OR COLLECTION AGENCIES WILL THEY SUE YOU IF YOU ONLY HAVE SOCIAL SECURITY AND S.S.I. | h and a credit group |

Add a Comment

Back

Disclaimer: This site provides general information for consumers and links to other sources of information. Information provided may not apply to courts within your state. This site does not provide legal advice, which you can only get from an attorney; also, the average citizen may obtain this advice free of charge from the Internet. This site has no control over the information on linked sites.