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How a Debt Management Plan Differs ?

Asked by jordenandy - 5 months 2 weeks ago

 

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Answered by larginejohnson
5 months 1 week ago
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A debt management plan does not involve taking out a further loan. Instead financial difficulties are dealt with by making a lower monthly repayment to an appointed debt management agent or charity; they then disseminate money to creditors on a pro rata basis. There is no debt write-off, but repayments are reduced so household bills can be more easily managed.
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http://www.debtadvisoryl ... -management

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