Debt Management: What Is It and How Does It Work? | Debt Management

Debt management is a type of debt relief that helps you consolidate your debts into one monthly payment.

Debt management plans are typically offered by non-profit credit counseling agencies.

To enroll in a debt management plan, you will need to make a monthly payment to the credit counseling agency.

The credit counseling agency will then use your payment to make payments to your creditors on your behalf.

Debt management plans can help you save money on interest and fees, and they can also help you improve your credit score.