You stay organized and out of the red if youвЂ™re struggling to manage several credit cards with different due dates, a Debt Management Program (DMP) may be an ideal solution to help.
But just what is just a Debt Management Program and just how does it work? A DMP is a voluntary arrangement you get out of debt between you, your creditors, and the Credit Counselling Society that helps.
In a Debt Management Program вЂ“ also referred to as a debt repayment system вЂ“ all your personal debt re re payments, e.g. for debts like bank cards, pay day loans, overdrafts, unsecured loans, or credit lines, are combined into just one re payment to help you consider paying down your debts. Creditors offer the system by waiving or reducing interest that is ongoing.