In Responsible Debt Relief (RDR): An Algorithmic Assessment of Household Debt Capacity and Repayment Capability, Robert Manning, director of the center for consumer financial services at the Rochester Institute of Technology, introduces the concept of RDR. RDR is an algorithm that statistically estimates the net return to creditors and guides consumers to the debt reduction plan that best matches their financial situation. Dr. Manning is one of the country’s leading experts on America’s ever expanding debt phenomenon. Listen to his recent interviews on NPR:
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thanks for the 9/30 letter regarding suggested reading
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Responsible Debt Relief (RDR) Institute offers a FREE RDR Debt Assessment to those individuals and families who are facing financial hardship. We provide guidance and support to direct consumers into the most appropriate debt resolution program based on specific needs. RDR does not handle the servicing of the debt programs. Rather, our carefully chosen affiliates administer the debt relief programs, such as:
(A) Debt Management Plan (administered by Consumer Credit Counseling Service Providers) (B) Responsible Choice Plan (administered by RDR certified Partial Payment Providers) (C) Bankruptcy (least preferred option, but if your ability to repay creditors is very minimal, then bankruptcy may be your only option)
Debt Relief
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