Checklist for Those on Debt Management Plan When faced with serious debt problems, people run to credit counseling agencies for help. True, there are many reputable non-profit organizations that offer credit counseling and help on financial management. However, there are also many organizations that pretend to offer credit counseling but charge their clients with unreasonably high fees for their services.
The Federal Trade Commission (FTC) warns the public against such credit counseling agencies that claim to be non-profit but asks for unreasonable payment from their clients who are already swamped in debt. Some of these fake credit counseling agencies use deceptive tactics on customers who do not have any idea that they’re dealing with the wrong credit counseling agency. What is a Debt Management Plan? For instance, some credit counselors may advice consumers to enroll into a debt management plan. With a Debt Management Plan, the consumer will be submitting a monthly payment to the credit counseling agency. The agency in turn, will divide the payment and distribute it to different creditors. It is true that creditors can give lower interest rates and even waive penalties for those who are paying through a debt management plan. http://www.consolidate4free.com/articles/checklist-those-debt-management-plan Read full article: Checklist for Those on Debt Management Plan Resources: http://www.consolidate4free.com/articles Debt Consolidation Information http://www.consolidate4free.com/Debt-Consolidation-Companies.html Debt Consolidation Companies . --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "The Entrepreneur" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/The-Entrepreneur?hl=en -~----------~----~----~----~------~----~------~--~---
