Want debt relief fast? Here's how to qualify for a debt management plan this May — and what to do if you can't.

Debt management is a systematic way to pay off your debts, either on your own or with the help of a professional debt ...

But a debt management plan (or DMP) is a much more organized plan of attack. You usually enroll in a DMP through a credit counseling agency, where a credit counselor works with your creditors to ...

Debt settlement, aka debt relief, debt resolution or debt negotiation, means contacting your creditors and asking them to ...

Before enrolling in a program this May, though, you'll want to understand a few important facts about how they work. When you enroll in a debt management program, the credit counseling agency will ...

The goal of a debt management program is to lower your current debt and move toward eliminating it, while a debt settlement company works to wipe out your debt by negotiating with your creditors ...

The 42-year-old said she wound up racking up a balance of about $20,000. "It got to the point where I didn't have enough in ...

Liz Weston, Certified Financial Planner, is a personal finance columnist for NerdWallet. Questions may be sent to her at 3940 ...

A debt management plan can negatively impact your credit score at first, but your score can improve over time with responsible financial habits. In the second half of 2024, the average consumer ...