Debt Conciliation Board
Debt is when you owe money to someone or some company that you borrowed from. Sometimes, people have trouble paying back their debt because they don't have enough money or they have too many bills to pay. This can be something that makes people very stressed out and worried.
A debt conciliation board is like a group of grown-ups who help people who are having trouble paying back their debts. They try to find a way to make things better so that the person can eventually pay back what they owe. This could mean helping the person come up with a plan to pay back their debts in smaller amounts over a longer time, or even convincing the people who are owed money to agree to take less money than they were originally owed.
Think of it like having a group of grown-up friends who can help you with your problems. They want to help you feel better so you don't have to be so worried about money and debt.
A debt conciliation board is like a group of grown-ups who help people who are having trouble paying back their debts. They try to find a way to make things better so that the person can eventually pay back what they owe. This could mean helping the person come up with a plan to pay back their debts in smaller amounts over a longer time, or even convincing the people who are owed money to agree to take less money than they were originally owed.
Think of it like having a group of grown-up friends who can help you with your problems. They want to help you feel better so you don't have to be so worried about money and debt.