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Debt Management
Debt Management Plans (DMPs) are not for everyone
If your financial problems stem from too much debt or your inability to
repay your debts, a credit counseling agency may recommend that you
enroll in a debt management plan. A DMP alone is not credit counseling,
and DMPs are not for everyone. Consider signing on for one of these
plans only after a certified credit counselor has spent time thoroughly
reviewing your financial situation, and has offered you customized
advice on managing your money. Even if a DMP is appropriate for you, a
reputable credit counseling organization still will help you create a
budget and teach you money management skills.
Source: The Federal Trade Commission
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Date Added: 2009-04-28 Views : 262
