debtor education

Debtor education is a program designed to help individuals understand personal finance and manage their debts responsibly. It provides information on budgeting, understanding credit, and developing techniques to repay debts effectively. The goal is to empower debtors with knowledge to make informed financial decisions, prevent future debt problems, and improve their overall financial health. Often, debtor education is a requirement for certain debt relief options, such as bankruptcy, ensuring individuals are aware of the long-term implications of borrowing and repayment.