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How nonprofit debt consolidation works. When you hire a nonprofit debt consolidation company, a financial counselor will contact your creditors to negotiate more favorable terms on your debts. The ...
Debt management is a way to get your debt under control through financial planning and budgeting. The goal of a debt management plan is to lower your current debt and move toward eliminating it ...
Debt relief companies are for-profit institutions that help you manage and pay down your debts. Depending on the company and what services are offered, they may work with creditors to help you get ...
Money Management International (MMI) is a United States non-profit that provides consumers with free credit counseling and education. [5][6][7] In about 25 percent of its consultations, it helps consumers develop a debt management or repayment plan. [5] MMI is funded primarily by creditors. [6] Money Management International was founded in 1997 ...
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Credit counseling (known in the United Kingdom as debt counseling) is commonly a process that is used to help individual debtors with debt settlement through education, budgeting and the use of a variety of tools with the goal to reduce and ultimately eliminate debt. [1] Credit counseling is most often done by Credit counseling agencies that ...
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