Debt immersion

Type of debt that is tied to a collateral such as, a house, a car...

• Unsecured

• Auto Loan and mortgage

• Secured

Minimum enrollment amount is 15k

• True

• False

A lender pays off a consumer's debt and issues a new loan to cover the full amount.

• Hardship

• Debt consolidation

• Draft

• Debt settlement

A program benefit is bankrupcy

• True

• False

An agreement intended to resolve a debt.

• Debt settlement

• Debt consolidation

A mortgage is a secured loan

• True

• False

A document, typically provided by the creditor, that outlines the terms of the negotiated settlement.

• SL (settlement letter)

• SIF (settlein full letter)

• Debt letter

One of two independent firms that maintain trust accounts on behalf of clients

• Freedom Legal

• CFT

• Veritas

POA stands for

• Power of action

• Power of attorney

The account exists so that clients can save money to be used toward paying the settlements negotia

• Savings account

• Checking account

• Trust account

• Bank account