About CCNA Consumer Debt Reduction?

Answer Coface Collections North America (CCNA) provides a section in the online Debt Reduction Guide for consumers to learn how to deal with money issues. Many tips are provided depending on the debt redu... Read More »

Top Q&A For: About CCNA Consumer Debt Reduction

What is a debt reduction plan?

A debt reduction plan is a method to reduce debt until all bills are paid. This can be done on your own or with professionals who pull up your credit report, negotiate lower interest rates with cre... Read More »

About Free Debt Reduction?

Many companies offer consumers what they call a free debt-reduction program by consolidating credit card bills and personal loans into one easy monthly payment. While there may be no upfront fee fo... Read More »

What is the Debt Reduction Act of 2005?

No legislation passed in 2005 called the Debt Reduction Act. A similarly-sounding legislative act, the Deficit Reduction Act of 2005, became law on Feb. 8, 2006. This federal law made changes to Me... Read More »

Tax Consequences for Debt Reduction?

Negotiating with your creditor to reduce your debt could save you thousands of dollars in interest and debt payments. While this strategy can be beneficial, it could also lead to an unexpected tax ... Read More »