July 18, 2008
Debt Management Counseling
Regular notices and telephone contacts reminding debtors of past due amounts, along with the forewarnings of suspension of credit privileges and suspension of services, is necessary to keep the numbers of delinquent accounts manageable. Any reduction of these efforts could result in lost revenue needed to fund program operations. Regular bond buybacks permit the maintenance of a liquid new bond issue program by buying existing bonds with a remaining term to maturity from 18 months to 25 years. Cash management bond buybacks aid in the management of cash balances by repurchasing bonds maturing within the next 18 months. Debt Management Counseling is essential.