Debt

Debt Settlement Programs

Debt Settlement Plan

Debt Settlement Programs Some businesses provide debt settlement programs. They will negotiate with your creditors to enable you to reach a “settlement” to solve your debt – a lump sum less than the whole sum you owe. To help make the lump sum payment, the debt settlement plan requires you to put aside a sum…

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Debt Management Plan

Debt Management Plan

If your financial issues come from your inability to settle debts or an excessive amount of debt, a credit counseling bureau might suggest you sign up for a debt management program (DMP). A DMP by itself isn’t credit counseling, and DMPs aren’t for everybody. Do not register for one unless a certified credit counselor has…

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