debt management
[/dɛt ˈmænɪdʒmənt/]
noun
gestão de dívidas
1. The process of organizing, monitoring, and repaying debts according to a structured plan
Debt management strategies can help individuals avoid bankruptcy.
As estratégias de gestão de dívidas podem ajudar indivíduos a evitar falência.
2. A financial service that helps people negotiate with creditors to reduce debt payments
She enrolled in a debt management program to consolidate her loans.
Ela se inscreveu em um programa de gestão de dívidas para consolidar seus empréstimos.
3. Government or corporate strategy for handling outstanding obligations and interest payments
The country's debt management policy aims to reduce public deficit.
A política de gestão de dívidas do país visa reduzir o déficit público.
In Brazil, debt management has become increasingly important due to economic fluctuations and high interest rates on consumer credit. Many Brazilians seek professional help through 'assessoria de dívidas' (debt advisory services). In the USA, debt management counseling is often provided by non-profit organizations and is a common step before bankruptcy filing. Both cultures recognize the importance of structured financial planning to avoid debt crises.
NYC Slang
getting your finances straight
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