A certified financial advisor who works for an accredited nonprofit specializing in helping consumers repay debt in a responsible manner

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Credit Counselor
B	School Counselor

Explanation:

Detailed explanation-1: -Credit counseling organizations can advise you on your money and debts, help you with a budget, and offer money management workshops. The CFPB’s Debt Collection Rule clarifying certain provisions of the Fair Debt Collection Practices Act (FDCPA) became effective on November 30, 2021.

Detailed explanation-2: -Debt settlement companies, also sometimes called “debt relief” or “debt adjusting” companies, often claim they can negotiate with your creditors to reduce the amount you owe. Consider all of your options, including working with a nonprofit credit counselor, and.

Detailed explanation-3: -Consumer debt specialists help individuals who are interested in pursuing debt settlement as an alternative to bankruptcy. Debt settlement is the process of negotiating with creditors to reduce overall debts in exchange for a lump-sum payment.

Detailed explanation-4: -Debt Management Services (DMS) helps federal agencies and state governments collect debt (the money owed to them).

There is 1 question to complete.