Debt Relief: Interview: Difference between revisions

Debt Relief: Interview (view source)

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 '''1. How will debt management help client's who are in debt?'''
-Agencies negotiaite and administer monthly payments to each of their client's creditors. This means that a client will only have to make one lower monthly payment, and all their outstanding debts will be repaid from that payment. If their outgoings are currently more than they can afford, or even in excess of their income, this can be rectified. The one monthly payment will be affordable, and will take into account all income and expenses. Agencies also request that interest be frozen, to enable more speedy repayment of the debts. Remember, it is in the interest of everyone that debts are paid off as soon as possible!
+Agencies negotiate and administer monthly payments to each of their client's creditors. This means that a client will only have to make one lower monthly payment, and all their outstanding debts will be repaid from that payment. If their outgoings are currently more than they can afford, or even in excess of their income, this can be rectified. A monthly payment will be affordable, and take into account all income and expenses. Agencies can also request that interest be frozen, to enable more speedy repayment of the debts. Remember, it is in the interest of everyone that debts are paid off as soon as possible!
 '''2.How does debt consolidation work?'''