Debt Management Plan

By: Debt Management Companies  15/06/2010
Keywords: Debt Management Plans, debt management company, Debt management services

A Debt management Plan (DMP) requires borrowers to deposit monthly funds with a credit counseling agency, which disburses them to creditors for purposes of paying off the former's outstanding debt. DMPs, which typically last 36-60 months, benefit consumers by reducing collection calls and waiving finance charges

Keywords: debt management company, Debt Management Help, Debt Management Plans, debt management service, Debt management services, debt management solution