A debt management plan is a tool offered by nonprofit credit counseling agencies to get you on the path to getting and staying out of debt.

What is a debt management plan? A debt management plan (DMP) is a structured debt repayment program that doesn't require a loan and is typically administered by a nonprofit …

A debt management plan is a way to pay off high-interest unsecured debt – mostly credit cards – without having to take out a bank loan. Debt management plans reduce the interest rate on …

Dec 22, 2025 · Learn what a debt management plan is, how it helps reduce debt and whether it’s right for you. Review the pros, cons and steps to a debt management plan.

Dec 16, 2025 · With a debt management plan, several debts are rolled into one monthly payment under a reduced interest rate, making the debts easier to pay off and saving you money in the …

Sep 30, 2025 · It’s not a loan and it won’t allow you to pay less than you owe, but a debt repayment plan can simplify the repayment process and shorten the time it takes you to get …

Jun 17, 2025 · A debt management plan (DMP) is a payment schedule that allows you to consolidate debts into one affordable payment every month and pay down your debt over time, …

Dec 31, 2025 · Debt management plans are one of the primary offerings from nonprofit credit counseling organizations. They can be used to help you pay off high-interest unsecured debt, …

Dec 9, 2025 · With a debt management plan, your credit counselor can negotiate with your creditors on your behalf to waive fees, decrease your interest rates or lower your monthly …

Dec 18, 2025 · To get into a debt management plan, you need to start working with a credit counseling agency. These non-profit organizations offer services, programs and classes that …