Debt Counseling

By: Synergy Support Services  08-15-2009
Keywords: services, debt, Counselling

Debt counseling often involves negotiating with creditors to establish a debt management plan (DMP) on behalf of 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 debt counselors, usually offer reduced payments, fees and interest rates to the client. Debt counselors refer to the terms dictated by the creditors to determine payments or interest reductions offered to consumers in a debt management plan.

Keywords: Counseling, Counselling, debt, debt consolidation, Debt Counselling, Debt Management, services

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