A debt management plan commonly known as DMP is a type of repayment method. The debt management plan is structured with the guidance of a credit-counseling agency to help customers manage their debt more efficiently. Debt management allows you to pay the debt more affordably and breaks them into effective payment schedules.Debt Management Plan generally to borrowers who are unable to pay back their debts based on a review of their finances. The Debt Management Plan specifically covers unsecured loans like credit card bills or medical bills.
