Whats the difference between Credit Counseling (Debt Management Program) and Debt Settlement (Debt Negotiation)?

Theres a big difference between the two services. On a Debt Management Program you will pay 100% of your debt back plus interest. Each time you make a payment, your Credit Counseling Agency will disburse those funds to your creditors.

You will still receive statements from your creditors showing when your payment posts, your reduced finance charges and your updated balances. With Debt Settlement, you will pay back 40-60% (typically) of what you owe. In order for the creditors to accept this drastic reduction, your accounts need to become delinquent.

Therefore, when you make a payment each month to your Debt Settlement Company, the payment is not disbursed to your creditors. Instead, the funds are held in a trust fund until you reach 40-60% of what you owe. Then, the Debt Settlement Company will attempt to make a settlement with your creditor.

More.

I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.