Is debt counseling for me?
Debt Counseling is a formal legal process that provides for a consumer to be declared over indebted and for the Debt Counselor to negotiate a restructured payment plan and obtain a court order confirming the new repayment plan. The Debt Counselor must be registered with the National Credit Regulator and have an NCRDC number. The NDMA uses the services of a registered debt counselor.
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