Debt Guru

JANUARY 27, 2021

A debt management plan (DMP) is an agreement between a debtor (that’s you, the person in debt) and a creditor (think: your bank or your credit card company) that tackles your outstanding debt. If you’re feeling buried under the weight of multiple debts, a DMP might be the solution to escape the crush.

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Debt Guru

JUNE 3, 2020

Sign up for consumer credit counseling. Reach out to a credit counseling agency. They will create a debt management plan (DMP) for you by evaluating your budget and determining an affordable monthly payment for all your debt. The complication is that you typically need good credit.

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Credit Corp

JANUARY 7, 2021

With the avalanche method, you make minimum payments on all debts and use any leftover money to pay down high-interest debt. Over time, this method will save you a lot of money in interest charges. >> Try these debt management apps. Go for Debt Consolidation. Go for a loan with a low interest.

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