Consumer Debt Questionnaire

A Consumer Debt Questionnaire is a tool used by creditors, debt collectors, or credit counseling agencies to gather information about a debtor’s financial situation and ability to repay an outstanding debt. The questionnaire typically includes questions about the debtor’s income, expenses, assets, liabilities, and other relevant factors, such as employment status, family size, and medical conditions. The questionnaire may also include questions about the debtor’s past payment history, reasons for the debt, and willingness to negotiate a repayment plan or settlement. The purpose of a Consumer Debt Questionnaire is to assess the debtor’s creditworthiness and to identify appropriate options for resolving the debt, such as a payment plan, debt consolidation, or debt management program. The questionnaire should be designed to be clear, concise, and non-threatening, and should include a statement of the debtor’s privacy rights and the confidentiality of their responses.