Practical Debt HelpDebt Help information that takes you from theory to action |
Debt Management is where the theory of debt help moves into practical applications. Debt management can be a descriptive term for a host of activities, but it can also be used very precisely in the form of a Debt Management Plan, or DMP - a very formal and nationally-recognized outcome of some Debt Counseling.
Inevitably, articles on the debt management topic overlap with other forms of debt help, but the articles I’ve collected in this category have the “management” issue at their core.Â
Many people mistakenly assume that debt management companies and credit counseling programs are synonymous. They’re not. Although both do offer financial advice, a debt management company, unlike credit counseling, may allow or require a client to deposit a certain amount of money in a given account every month (according to a debt management plan, […]