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  2. Credit counseling - Wikipedia

    en.wikipedia.org/wiki/Credit_counseling

    Things to watch out for include guarantees to solve debt problems and using high interest loans to pay off debt. Some of these companies also claim that they can file a consumer proposal on behalf of a consumer. However, the FCAC points out that only a qualified licensed insolvency trustee can help someone with a consumer proposal or bankruptcy ...

  3. Debt settlement - Wikipedia

    en.wikipedia.org/wiki/Debt_settlement

    Debt settlement allows the debtor to spread payments out over a set term, instead of having to pay a lump sum in one go which is the case with full and final settlement. UK debt settlement is not to be confused with full and final settlement, where debt management companies have been known to hold on to client funds ; in which case the ...

  4. Behind on mortgage payments? 6 ways to catch up - AOL

    www.aol.com/finance/behind-mortgage-payments-6...

    If you’re behind on mortgage payments and need help, there are several options available. ... it might not make sense to refinance to a new loan. You’ll also need to pay closing costs. 5 ...

  5. What is a personal loan? How it works — and what to know ...

    www.aol.com/finance/what-is-a-personal-loan...

    So for example, if your mortgage payment is $2,000 and your car payment is $300 but you earn a monthly gross income of $5,000, your DTI would be 46%. Most lenders prefer your DTI to be under 43% ...

  6. Public Service Loan Forgiveness - Wikipedia

    en.wikipedia.org/wiki/Public_Service_Loan...

    On October 6, 2021, the Biden administration announced a temporary waiver allowing past payments to qualify even if they had the wrong loan type or payment plan. [11] As of March 2022 100,000 people have had over $6.2 billion of student loans canceled as a result of the waiver, [ 12 ] however, many problems still persist.

  7. Statement of work - Wikipedia

    en.wikipedia.org/wiki/Statement_of_work

    A statement of work (SOW) is a document routinely employed in the field of project management.It is the narrative description of a project's work requirement. [1]: 426 It defines project-specific activities, deliverables and timelines for a vendor providing services to the client.

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