
One can be smart and intelligent enough to manage his own debts but others might be too afraid of the word” insolvency” and so they feel shaky to manage their own debts. For these people, many debt management companies do offer their hands of help.
One is asked to pay as much as he can afford in the negotiation process between the debt management companies and the creditors of the concerned person. The debt management process would lower down the borrower’s monthly payment and in return a fee of 15- 18% would be charged. Being indebted to someone without the ability to repay the loan is really a shameful affair!
No comments:
Post a Comment