In the recent past, a number of for -
profit debt management companies engaged in deceptive practices in the marketing and collection of fees for their programs.
Debt management services are one of many services offered by nonprofit credit counseling agencies or for -
profit debt management companies.
Not exact matches
Other services of non
profit debt consolidation
companies include money
management budgeting as well as financial education.
That means that $ 0.43 on the dollar is spoken for, and the Shell Oil
management team gets to use $ 0.57 of each dollar that the
company makes in
profit to buy back stock, pay down
debt, or grow the
company.
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Companies that have benefited from the loan program range from
debt servicer Affiliated Computer Services Inc., now part of Xerox Corp., to Education
Management Corp., which operates for -
profit colleges and whose largest shareholder is Goldman Sachs Group Inc..
Unfortunately, this just means that non-licensed
debt management companies will have to become more creative to maintain their
profits.
Debt management companies can either be for
profit or non-
profit, but they are not free.
I consider my valuation multiple a reasonable compromise between higher sector multiples & the risk of a devastating client loss... Plus it allows me to (fairly) comfortably apply a (positive)
debt adjustment: Based on the
company's 4.7 M of (annualized) adjusted operating
profit (& zero
debt),
management could easily draw down 14.2 M of
debt for expansion, acquisitions, etc. — as usual, I'll haircut this by 50 %.