- It is also referred to as Debt Management.
- Debt consolidation is having all your bank loans, student loans or store credit card payments consolidated into one single monthly payment to a debt management agency who will then distribute your funds accordingly.
- The advantages of having your debts managed by such an agency are : lower interest rates, lower monthly payments, no more late fees and no more calls from creditors.
Chapter: Money :: 29 April 2007
