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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...
Key takeaways. Debt relief can take three forms: debt settlement, consolidation and management. Working with a debt management company can result in less debt or a faster payoff — but...
Bankruptcy. Bankruptcy is a legal process that provides relief from overwhelming debt by liquidating assets or creating a repayment plan. Chapter 7 bankruptcy is ideal for unsecured loans (such as ...
Established in Manchester in 1996 as a specialist debt management company, they provide services to help people get out of debt including Debt management plans, Debt Relief Orders and Debt settlements.
Debt management plan (DMP) is an agreement between a debtor and a creditor that addresses the terms of an outstanding debt. This commonly refers to a personal finance process of individuals addressing high consumer debt .
Uniform Debt-Management Services Act. The Uniform Debt-Management Services Act was promulgated in 2005 by the Uniform Law Commissioners. It provides the states with a comprehensive act governing national administration of debt counseling and management in a fair and effective way.
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