debt management plan

When the U.S. Congress changed the nation’s bankruptcy laws in 2005, the law included a provision that all people seeking bankruptcy needed to attend a credit counseling session before being able to file.

The idea was to provide the consumer with an opportunity to see if their debt could be handled with a method short of declaring bankruptcy. Read More

When looking to take care of your debt with a credit counseling service, there are several issues that you might want to research before you choose a particularly agency. Read More

It could be a credit-crunching nightmare. Making payment after payment to a credit counseling agency and then being informed that the people you have worked with to arrange your debt plan no longer exists. What happens to your scheduled monthly payments? What happens to your debt management plan? What happens to the deals with your creditors? What should you do? Read More