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Debt Counselling Business
Debt counselling is the process of helping indebted consumers by providing protection against creditors that wish to take legal action. This business serves people who are in debt over their heads and want to pay off credit cards, loans, mortgages and take control of their finances. Debt counselling companies negotiate with creditors on behalf of their clients (debtors) to resolve debts that are beyond their customers’ ability to pay (and takes a fee in the process). This business requires National Credit Regulator (NCR) registration.