A debt management plan is a tool offered by nonprofit credit counseling agencies to get you on the path to getting and staying out of debt.

What is a Debt Management Plan? A debt management plan (DMP) is a structured approach to paying off debt, typically with the help of a credit counseling agency. This plan allows you to …

Dec 22, 2025 · Learn what a debt management plan is, how it helps reduce debt and whether it’s right for you. Review the pros, cons and steps to a debt management plan.

Jun 17, 2025 · A debt management plan (DMP) is a payment schedule that allows you to consolidate debts into one affordable payment every month and pay down your debt over time, …

What is a debt management plan? A debt management plan (DMP) is a structured debt repayment program that doesn't require a loan and is typically administered by a nonprofit …

A debt management plan is a way to pay off high-interest unsecured debt – mostly credit cards – without having to take out a bank loan. Debt management plans reduce the interest rate on …

Dec 9, 2025 · With a debt management plan, your credit counselor can negotiate with your creditors on your behalf to waive fees, decrease your interest rates or lower your monthly …