It’s a payment agreement between you and your creditors, to pay off your debt in smaller installments.
They are typically used by someone when they are swamped in debt, and cannot afford the payments anymore.
The debt agreement can be made with your creditors by yourself, or through a licensed company (for a small fee).
Will A Debt Management Plan Hurt Your Credit Score? - National Credit Federation
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fsu under Finance
From http://nationalcreditfederation.com 2788 days ago
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