Why should I use a debt management company to help with my debt problems?

by Ed Yourdon
Article by Richard Marshall
A debt management company (DMC) can offer a service to act as an intermediary for borrowers and the lenders that they owe money to. A debt management company will contact the lenders on behalf of the borrower to renegotiate the terms of existing credit agreements, usually when the borrower is unable to meet their normal monthly repayments.This will include asking the lenders to accept lower monthly payments and possibly freezing any interest

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