As
the counselors deal with your creditors on your behalf make sure you know how they communicate with you and your creditors, especially on any action that has direct or indirect impact with your debt and credit rating.
Not exact matches
During the debt management plan your credit
counselor helps you in
dealing with your
creditors to reduce monthly payments.
If you are in such a financial situation consider getting help from a credit
counselor, or having a debt management company
deal with your
creditors.
A debt management plan prepared by a credit
counselor is an informal, non-binding
deal with the
creditors, so the
creditors could ask for more money at a later date.
If that doesn't work, consider talking to a debt
counselor, who understand the Fair Debt Collection Act and are qualified to work out
deals with creditors that consumers may not be able to.
Instead of hiring a bankruptcy attorney to file bankruptcy for you, or instead of hiring a debt management company or credit
counselor to negotiate
with your
creditors on your behalf, you can make a
deal with your
creditors directly.
Finally, a credit
counselor will actually negotiate
with your
creditors on your behalf through a Debt Management Program where you make one payment each month to
deal with your debts.