A debt management plan, or DMP, is a process in which an individual works to improve his or her personal finances. This type of personal finance program deals with the terms of outstanding debt. The plan is a written agreement between the debtor and the creditor to help the debtor repay his or her creditors in a more manageable...

A debt management plan is an agreement that a debtor has with a creditor to manage the terms of an outstanding debt. In many cases, these plans are free of charge, but there are a few fees associated with them. Learn more about how these plans can benefit you and how they work now. If you're struggling with too...

What is a debt management plan? A debt management plan is an agreement between the debtor and the creditor, addressing the terms and conditions of outstanding debt. It is commonly referred to as personal finance. In essence, a debtor will pay off his debt in a set period of time, and the creditor will accept the plan in exchange for...