Power of Attorney

A power of attorney is an authorization to act on someone else’s behalf in a legal or business matter. The person allowing the other party to act is the “principal” and the party authorized to act is referred to as the “agent”. The power of attorney allows the agent to act on the principal’s behalf as long as the principal is not disabled or incapacitated. In debt negotiation, the principal is the client and signs a “limited’ power of attorney that allows the debt arbitrator or agent, to negotiate on their behalf with their creditors.

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