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Which of the following can help consumers with excessive debt negotiate with lenders to reduce interest rates and fees

A.Bankruptcy lawyer

B.Credit counseling service

C.Federal trade commission

D.Financial protection bureau

1st to answer gets Brainliest Which of the following can help consumers with excessive debt negotiate with lenders to reduce interest rates and fees ABankruptcy class=

Respuesta :

Samawati

Answer:

B.Credit counseling service

Explanation:

Credit counseling services involves engaging a credit counselor to pay off unsecured debts through a debt management plan. Credit counselors offer various services, including providing basic money management advice and setting up debt repayment plans.

Credit counseling simplifies the repayment process. Debt payment becomes easy and manageable.  Credit counselors may negotiate lower interest rates and reduced monthly payments with creditors, which saves money.

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