article thumbnail

FAQs About Debt Management Plans

Debt Guru

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. How do I choose a debt management agency? What types of debts can I lump together in a DMP?

article thumbnail

How to Repay Debt: 4 Options

Debt Guru

So, you’ve got a bunch of unsecured debt. You’re more than ready to start living debt-free. There are many different approaches for tackling debt repayment. The option you choose is strictly a personal decision – you need to find the tactic that you understand best and that you can sustain. Great decision!