How do consumer credit counseling services help individuals with excessive debt? They assist in selling all assets in exchange for debt eliminations.
They lend money for a short period in exchange for loan amount and fees.
They negotiate with creditors to reduce interest rates and fees.
They prosecute people and companies that violate credit laws.

Singer and mcmann are partners in a business. singer’s original capital was $40,000 and mcmann’s was $60,000. they agree to salaries of $12,000 and $18,000 for singer and mcmann respectively and 10% interest on original capital. if they agree to share remaining profits and losses on a 3: 2 ratio, what will mcmann’s share of the income be if the income for the year was $15,000?