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A debtmanagement plan (DMP) is an agreement between a debtor (that’s you, the person in debt) and a creditor (think: your bank or your credit card company) that tackles your outstanding debt. If you’re feeling buried under the weight of multiple debts, a DMP might be the solution to escape the crush.
You can learn more about FDCPA in our advice to consumerdebtors. Credit Counselor. A credit counselor is certified and trained in consumercredit, money and debtmanagement, and budgeting. The law does not apply to collecting from businesses. Default Provisions.
On November 3, Colorado State Attorney General Phil Weiser announced that state regulators reached an agreement with a Florida-based debtmanagement company over violations of the Colorado DebtManagement Services Act.
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