Description
Debt Management Plans are individually tailored based on what can be realistically afforded on a monthly basis
G-1
Glossary Revised: 3/2007
CREDIT AND DEBT MANAGEMENT OPERATING STANDARDS AND PROCEDURES HANDBOOK
GLOSSARY OF CREDIT AND DEBT TERMS Account Servicing: That portion of...
Description
A debt management plan is a formal agreement between a debtor and creditor(s). Debt Management Plans help reduce outstanding, unsecured debts at a reduced level over a fixed period of time to help regain control of finances.
kpmg
European Commission Somalia Unit
Feasibility Study...
Description
Debt Management Plans are individually tailored based on what can be realistically afforded on a monthly basis. To achieve an accurate figure, an income and expenditure test will establish what monies are coming into the household and what is being paid out. Income and expenditure...