Debt counselling
A regulated activity involving advice to a debtor about how to deal with debts and available debt solutions.
Related terms
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Debt adjusting
A regulated activity involving negotiating with creditors on behalf of a debtor about the terms on which debts will be repaid or settled.
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Debt advice
Information and guidance designed to help someone understand their debts, risks and available options before deciding what to do.
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Debt resolution
A planned process for bringing debts under control through negotiation, restructuring, settlement or a suitable formal solution.
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