A debt management plan can be put in place if an individual has debts that they are unable to repay on time. A debt consolidation plan can help to organise your debts and finances and come to agreement with individual creditors to form a plan that allows the consumer to repay the debt at a more manageable level.
With a debt management plan you can manage your finances and debt problems under a tailored policy offering a single affordable monthly repayment option, lower interest rates and without the hassle of dealing with various creditors.
There are a wide variety of companies that offer debt assistance but some are better than others so it is important to check the background of any company that you intend to use.
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