The drawbacks of debt management programs include the potential for creditors to suspend or close current lines of credit, the exclusion of secured debts like mortgages and car loans, and the requirement that all eligible unsecured debts must be included in the program.

Authors

• Person: Not available Organization: Valley Credit Union
  Debt Consolidation vs Debt Management: Which Is Right for You?

Sources

• Debt Consolidation vs Debt Management: Which Is Right for You? www.valleycu.org Valley Credit Union via serper

Referenced by nodes (1)

• debt management programs concept