Sentences with phrase «nonprofit debt settlement firm»

As a final step to remediate debt problems and avoid bankruptcy, a nonprofit debt settlement firm negotiates with creditors to reduce what you owe in exchange for a workable payment plan that you commit to.

Not exact matches

When paying off overdue bills, consumers must be wary of debt - settlement firms, according to Darryl Dahlheimer, program manager for Lutheran Social Service Financial Counseling, a nonprofit advisory agency with 10 locations in Minnesota.

Unfortunately, the rules also left what USOBA views as gaping loophole, which allows makeshift law firms and nonprofits to continue operating debt settlement companies.

Debt settlement firms don't require participants to be employed, so they are an option for those who wouldn't qualify for a nonprofit debt managemDebt settlement firms don't require participants to be employed, so they are an option for those who wouldn't qualify for a nonprofit debt managemdebt management.