I have heard of a Debt Management Plan. What is it?

I have heard of a Debt Management Plan. What is it?

March 12, 2020 by Improvecredit

A debt management program is a payment plan between you, us, and your unsecured creditors.  In this plan, creditors agree to offer special concessions to help you get out of debt.  These concessions may include reducing your interest rate and stopping late and over limit fees.  This plan can reduce the months or even years of payment. We have counselors that are familiar with these services and will be happy to review them with you.