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What is the difference between debt service and debt repayment?
2 Answers
- JoeLv 61 decade agoFavorite Answer
There is essential no difference. See the links.
Source(s): http://biztaxlaw.about.com/od/glossaryd/g/debtserv... http://www.investorwords.com/1328/debt_service.htm... - 1 decade ago
Debt repayment is when you repay the entire debt amount and close the debt. Where as a debt service is when you opt for a debt advice or debt management program or debt relief plan from debt counseling companies such as debtburst, monyemanagement, or beatmydebt. Some of these companies also offer debt consolidation, debt negotiation and debt settlement services.
