What happens in a DEBT MANAGEMENT PROGRAM?
A debt management agency evaluates your current financial situation, taking into account the interest rates on your bills, total debt amount and the required minimum payment. Once you enroll for debt management services, a debt management agency works on your behalf to negotiate with your creditors to lower the interest rates and monthly payments.
Related Questions
- What is Debt Settlement and how does it differ from Debt Management (also referred as Credit Counseling or a Debt Consolidation Program)?
- What happens to the red-cockaded woodpecker population if the new owner does not wish to participate in the Safe Harbor Program?
- What happens if a program fails to submit a Self Report?
