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2. Debt relief: Pros and cons - AOL

   www.aol.com/finance/debt-relief-pros-cons...

   Debt settlement is a process that lets you settle large amounts of debt for less than you owe, and it is offered through for-profit debt settlement companies. Typically, these programs ask you to ...

3. Debt buyer (United States) - Wikipedia

   en.wikipedia.org/wiki/Debt_buyer_(United_States)

   A debt buyer is a company, sometimes a collection agency, a private debt collection law firm, or a private investor, that purchases delinquent or charged-off debts from a creditor or lender for a percentage of the face value of the debt based on the potential collectibility of the accounts. The debt buyer can then collect on its own, utilize ...

4. Non-performing loan - Wikipedia

   en.wikipedia.org/wiki/Non-performing_loan

   Proactive incentives for banks to offer forbearance to distressed consumers and other debt relief mechanisms [14] [15] Setting up Asset Management Companies (AMCs) or bad banks [16]. These companies use public or bank funds to remove NPAs from the bank books. For example, the Korea Asset Management Corporation purchased as much as 80% of bad ...

5. Bad debt - Wikipedia

   en.wikipedia.org/wiki/Bad_debt

   In finance, bad debt, occasionally called uncollectible accounts expense, is a monetary amount owed to a creditor that is unlikely to be paid and for which the creditor is not willing to take action to collect for various reasons, often due to the debtor not having the money to pay, for example due to a company going into liquidation or insolvency.

6. What nonprofit debt consolidation is and how it works

   www.aol.com/finance/nonprofit-debt-consolidation...

   For-profit debt settlement companies may offer some free resources for ongoing support but often charge for premium versions of these tools. Pros and cons of nonprofit debt consolidation The ...

7. Private debt collectors continue to profit from court debts ...

   www.aol.com/private-debt-collectors-continue...

   Federal law prohibits debt collection agencies from threatening arrest because of a lack of payment. However, loopholes remain in Oklahoma laws. Private debt collectors continue to profit from ...