Get Out Of Debt

Debt Management Program: Is this the solution for you?

What is it, who is it for, and should you do Debt Management?
These programs are potentially very effective ways to free yourself from debt

Try our Debt Auditor Financial Independence Calculator to see how much you can save with a consolidation loan.

In this section:

How does debt consolidation work?

Should I consolidate?

Get control over your credit cards

What Is the Credit Card Dispute Process?


Use one of these:


debt management programs give you control on your debt

Get Professional Debt Management Guidance

Debt Management can save you lots of money and get you out of this mess. But first, have a free professional consultation to decide if this is the best path for you. Learn more here.

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A powerful option:
Debt Management

Get Professional Debt Management Guidance

Debt Management can save you lots of money and get you out of this mess. But first, have a free professional consultation to decide if this is the best path for you. Learn more here.

Click here to get it done

What is a debt management program?

A debt management program (DMP) is the poor second cousin of a good Consolidation Loan. It is for people who have a poor credit rating, and are having trouble even meeting monthly minimums. It is a kind of "intensive care" solution.

Very often, a Debt Settlement program is the better solution. Click here to learn more about debt settlement.

How Does Debt Management Work?

The debt management company that will manage your program becomes your representative to the credit card companies. They will take charge of paying your debt back, and improve the terms with all of the companies through negotiation. You arrange to pay them the monthly fee and they take care of the credit card companies. Debt management programs run from 3 to 5 years.

During the time you are in a debt management program, you will not be able to activate new credit cards or take out new loans. You will be able to keep one credit card available for emergencies, and that's it. Companies will agree to improve the terms of your debt because you are unable to meet the original terms. If they see you getting new credit cards, all deals may be canceled.

These programs can be lifesavers, but some of them can also not be. A good debt management program will dramatically improve the interest rates and the monthly payment. Reputable ones have good relationships with creditors, and can negotiate payment arrangements that the individuals often can't.

Further, by taking over the handling of your debts, you are protected from error.

What are the benefits of a debt management program?

What are the downsides of a debt management program?

What should you look for and look out for in a DMP?

First of all, you must do the math. Click here to evaluate your situation with our Debt Auditor Calculator.

Once you know the numbers, you have to evaluate if the offer the debt management company makes you adds up.

Most importantly, will you have the discipline to change your spending habits so that the debt management program will work? If you fail to meet the terms, you can cause more harm than good. If you succeed, this can be an elegant solution.

Where Can You Find a Debt Management Program?

There are many companies that specialize in debt management, consolidation, and reduction. We recommend:

Debt Management with National Debt Relief

A top rated debt relief company with consolidation, management and debt settlement programs. Free consultation.

CuraDebt is one of the top three Debt Settlement companies.

Call them at at 1-866-603-6980 (9AM to 8PM Eastern time) for a free telephoned Debt Evaluation. Or click here to apply on their site. To be eligible for CuraDebt, you must have $10,000 or more in debt and be able to pay $200/month. CuraDebt does not operate in the following US states: CT, DE, GA, HI, ID, KS, KY, LA, ME, MT, ND, NH, NJ, NV, OH, OR, PA, PR, RI, SC, TN, UT, VT, WV and WY.