Whois & Analysis for debtreductionservices.org

Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others.

This commonly refers to a personal finance process of individuals addressing high consumer debt but occasionally refers to a country's fiscal approach to corporate debt or Government debt.

The process can secure a lower overall interest rate to the entire debt load and provide the convenience of servicing only one loan.

Credit counseling (known in the United Kingdom as Debt counselling) is commonly a process that is used to help individual debtors with debt settlement through education, budgeting and the use of a variety of tools with the goal to reduce and ultimately eliminate debt.

Credit counseling is most often done by Credit counseling agencies that are empowered by contract to act on behalf of the debtor to negotiate with creditors to resolve debt that is beyond a debtor's ability to pay.

Some of the agencies are non-profits that charge at no or non-fee rates, while others can be for-profit and include high fees.

Regulations on credit counseling and Credit counseling agencies varies by country and sometimes within regions of the countries themselves.

In the United States, individuals filing Chapter 13 bankruptcy are required to receive counseling.

In investment, the bond credit rating represents the credit worthiness of corporate or government bonds.

It is not the same as individual's credit score.

The ratings are published by credit rating agencies and used by investment professionals to assess the likelihood the debt will be repaid.

A debt generally refers to money owed by one party, the borrower or debtor, to a second party, the lender or creditor.

The borrower or debtor may be a sovereign state or country, local government, company, or an individual.

The lender or creditor may be a bank, credit card company, payday loan provider, or an individual.

Debt is generally subject to contractual terms regarding the amount and timing of repayments of principal and interest.

The term can also be used metaphorically to cover moral obligations and other interactions not based on economic value.

For example, in Western cultures, a person who has been helped by a second person is sometimes said to owe a "debt of gratitude" to the second person.

A debt management plan (DMP) is a formal agreement between a debtor and a creditor that addresses the terms of an outstanding debt.

This commonly refers to a personal finance process of individuals addressing high consumer debt.

Debt management plans help reduce outstanding, unsecured debts over time to help the debtor regain control of finances.

The process can secure a lower overall interest rate, longer repayment terms, or an overall reduction in the debt itself.