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The 411 on Debt Consolidation Non Profit
The 411 on Debt Consolidation Non Profit
And what separates debt consolidation non profit from debt consolidation? Is one type of service better or worse than the other?
Los Angeles,
CA,
United States of America
(prbd.net)
09/04/2010
The 411 on debt consolidation non profit, let's dive right into it. What is debt consolidation? And what separates debt consolidation non profit from debt consolidation? Is one type of service better or worse than the other?
www.federaldebtreliefprogram.com
For starters, debt consolidation non profit is the simple consolidating or combining of multiple debt payments into one. This can be arranged through the use of a debt management firm, or a credit counseling type of firm (these two types of services are not the same).
In the case of a debt management firm, it is typically a firm which will negotiate on behalf of the person in debt with their creditors. Their goal is not simply to obtain extended payment terms, but to negotiate a settlement for a reduced amount.
Thus, if for example one owes $10,000 in debt and is perhaps considering bankruptcy, a debt management firm could possibly negotiate a settlement for $5,000 - half of what was originally owed. Each debt situation is unique, but a 50% debt settlement is typical for most debt settlements. And this is debt relief in its purest form.
To learn more about debt relief and how to get started, please visit Federal Debt Relief Program at:
www.federaldebtreliefprogram.com