Debt Management Program

What is a debt management program?

Debt Management Program Definition: A debt management program or plan is a way to help resolve high debt and provide support for financial management.

It’s a program offered by credit counseling agencies that are non-profit and help individuals establish greater control of their finances and determine if they can pay off certain debt easier through a variety of plans and available options, which can help improve credit rating and scores. These programs are often discussed with the individual to determine which options work best.

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