A debt management plan is a debt relief strategy offered through a credit counseling agency where the agency negotiates with creditors to lower interest rates or waive late fees, and the debtor makes a single monthly payment to the agency for distribution to creditors.

Authors

• Person: Not available Organization: Valley Credit Union
  Debt Consolidation vs Debt Management: Which Is Right for You?
• Person: Not available Organization: Bank of America
  How to Get Out of Debt: A Step-by-Step Guide to Debt Relief

Sources

• Debt Consolidation vs Debt Management: Which Is Right for You? www.valleycu.org Valley Credit Union via serper
• How to Get Out of Debt: A Step-by-Step Guide to Debt Relief bettermoneyhabits.bankofamerica.com Bank of America via serper

Referenced by nodes (1)

• debt management plan concept