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Debt Management

What is Debt Management Plan?

Debt Management Plans (DMP) are able to set up pre-arranged agreements with creditors known as a concession rate. This will give consumers some relief through lower interest rates. However, there are monthly fees associated with DMP in addition your credit card payments that can hinder you from maximizing your savings.

It is important to analyze the total cost when considering a DMP to ensure you are not leaving savings on the table. Before considering a DMP it is highly recommended you speak to one of our Certified IADPA Debt Specialists to assess all the options you have available.

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