Debt ReductionSuggestions For Controlling Debt |
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Time for some debt reduction? Think about this. The Federal Trade Commission (FTC) has found that some organizations that offer DMPs (debt management plans) have deceived and defrauded consumers, and recommends that consumers check their bills to make sure that the organization fulfills its promises. If you are paying through a DMP, contact your creditors and confirm that they have accepted the proposed plan before you send any payments to the organization handling your DMP. Once the creditors have accepted the DMP, it is important to: * make regular, timely payments.
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