"Debt management plan (DMP) is an agreement between a debtor and a creditor that addresses the terms of an outstanding debt."
Strategies for managing debt and minimizing its impact on personal finance.
"This commonly refers to a personal finance process of individuals addressing high consumer debt."
"Debt management plans help reduce outstanding, unsecured debts over time to help the debtor regain control of finances."
"The process can secure a lower overall interest rate, longer repayment terms, or an overall reduction in the debt itself."
"An agreement between a debtor and a creditor that addresses the terms of an outstanding debt."
"Debt management plans help reduce outstanding, unsecured debts."
"The debtor"
"Finances"
"A lower overall interest rate"
"Longer repayment terms"
"An overall reduction in the debt itself"
"A debtor and a creditor"
"The terms of an outstanding debt"
"To help the debtor regain control of finances"
"Outstanding, unsecured debts"
"Lower overall interest rate, longer repayment terms, or an overall reduction in the debt itself"
No specific quote directly answers this question in the given paragraph.
No specific quote directly answers this question in the given paragraph.
No specific quote directly answers this question in the given paragraph.
No specific quote directly answers this question in the given paragraph.