Commercial Debt Counseling

Commercial debt counseling does for businesses what consumer credit counseling does for individuals – plus a great deal more. Company finances are so complex and varied, that it often takes a business finance expert to be able to sort through information to determine the primary causes of debt, and this is precisely what a commercial debt counselor does.
CDC combines business debt help with debt settlement, so counselors help both to discern problems and educate managers, and to take action to rectify the current situation. The counselor’s goal is to increase revenue by determining the problem areas that are increasing a business’s debt, and often by re-allocating funds to departments differently.Commercial debt counseling does for businesses what consumer credit counseling does for individuals – plus a great deal more.
Company finances are so complex and varied, that it often takes a business finance expert to be able to sort through information to determine the primary causes of debt, and this is precisely what a commercial debt counselor does.CDC combines business debt help with debt settlement, so counselors help both to discern problems and educate managers, and to take action to rectify the current situation. The counselor’s goal is to increase revenue by determining the problem areas that are increasing a business’s debt, and often by re-allocating funds to departments differently.
The counselor will suggest to managers how finances can be handled differently to improve the situation, perhaps through the incorporation of external investors or debt consolidation loans. This part of the process usually is completed within just a few weeks.The counselor then negotiates with individual creditors to try to settle a company’s debts for a reasonable sum. It is not in creditors’ best interests for a debtor to file bankruptcy, so often they will agree to settle your debt for payment that is less than full balance.Your counselor alternatively may negotiate the terms and interest rates of your loans, or may develop a realistic payment plan with creditors. As an added bonus, your counselor will become the point of contact for your creditors instead of you.