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How Do Credit Card Debt Management Plans Work?


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SAN JOSE, Calif., May 11, 2021 /PRNewswire/  When you re struggling with credit card debt, rising balances on your monthly statements and collection calls can add to your anxiety. However, you don t have to face your creditors alone. Many credit counseling agencies offer debt management plans (DMPs), which allow a counselor to act as an intermediary on your behalf.
For more loan and credit education, visit myFICO s blog at https://www.myfico.com/credit-education/blog
How Do Debt Management Plans Work?
Credit counseling agencies offer
many services aimed at helping consumers manage their personal finances. A DMP is specifically for helping people who are overwhelmed by unsecured debts. Secured debts, such as auto loans and mortgages, generally can t be part of a DMP. ....

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