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You’re in Debt: 9 Terms to Know

The Kaplan Group

You may also be responsible for paying the costs of the creditor hiring a collection agency or legal costs. Credit Counselor. A credit counselor is certified and trained in consumer credit, money and debt management, and budgeting. These provisions mean that you may owe interest on unpaid debts.

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5 Best Credit Repair Companies – Updated April 2022

Better Credit Blog

We liken credit repair companies to a plumber: you can spend the time and effort into figuring out how to fix your leak yourself, but if you don’t want the hassle, a pro may be the best option. Legal experts at credit repair companies spend all day every day negotiating with creditors and seeking resolutions to mistakes.