Now you are up to your eyeballs in debt. Your cards are maxed out, the interest rates are high, and the only new credit you can get is tiny and expensive. It’s time to get scammed with sleazy “debt relief” or “credit counseling” services. While there are some reputable companies in the debt relief industry, [...]
debt management
If you are currently participating in a debt management plan (DMP), you must read the following article by the Federal Trade Commission regarding what to do if the company administering your DMP goes out of business: What happens to your DMP if the credit counseling company that managed your debts shuts down? A counseling agency [...]
If you are currently participating in a Debt Management Plan (DMP), you must read the following article by the Federal Trade Commission: The FTC has found that some organizations that offer DMPs have deceived and defrauded consumers, and recommends that consumers check their bills to make sure that the organization fulfills its promises. If you [...]
A debt management plan (DMP) is a method of paying personal debts. It typically involves accounting for all debts, assessing income and budget, then negotiating interest rates and payments with lenders. DMPs are usually a managed, informal arrangement with creditors. Reputable credit counseling organizations employ counselors who are certified and trained in consumer credit, money [...]
