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Numerous experts also agree that a nonprofit company is the best way to go for premium terms. Also, no matter if they are for-profit or nonprofit, one should gain as much information as possible about the company before dealing with them. Futhermore, ensuring the institution you desire help from works with those you owe. Checking their status with the Better Business Bureau is a great idea. However, there are many different opinions on how to go about this. One common opinion is that only school loans should be consolidated, and this is only because of the enormous necessity of a college education.
Numerous experts also agree that a nonprofit company is the best way to go for premium terms. Also, no matter if they are for-profit or nonprofit, one should gain as much information as possible about the company before dealing with them. Futhermore, ensuring the institution you desire help from works with those you owe. Checking their status with the Better Business Bureau is a great idea. However, there are many different opinions on how to go about this. One common opinion is that only school loans should be consolidated, and this is only because of the enormous necessity of a college education.
== Collection Agencies ==
A collection agency is a company that is contacted by the original lender to collect past due and defaulted accounts. (www.spu.edu)
The Federal Trade Commission states that if you use credit cards, owe money on a personal loan, or are paying on a home mortgage, you are a debtor.  If you fall behind in repaying your creditors, you will probably be contacted by a collection agenycy or a "delinquent debt collector".
The FTC also gives a few tips on a fair debt collection.  There is an act that requires that debt collectors treat you fairly and prohibits certain methods of debt collection.  This is known as the Fair Debt Collection Practices Act.  This does not mean that your debt will just go away.  You still have to face this debt head on.  This just protects your rights. 
Tou can avoid these agencies all together by simply managing your money right.  Self-Help may be the Best Help.
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