How to get a debt management plan?
While struggling to make debt payments on loans, credit card loans, etc., debt management is good for you. A Debt Management Plan is a kind of informal agreement between your creditor and you to pay back your non-priority debt. Non-priority debts are loans, credit card loans, and store card loans. In DMP, you only pay one monthly payment distributed between your creditors. The DMPs are managed mainly by a DMP provider who deals on your behalf with your creditors. You can also check on the Free Debt Relief Programs in Washington and choose another plan accordingly. Following are the steps which you can follow to get a debt management plan: Step 1: Arrange Your Priority Debts DMP includes non-priority debts like store cards, credit cards, and loans. Before applying for a DMP, you should ensure you can pay all your priority debts like rent, mortgages, and council tax. If you are already struggling to pay your priority debts, then think before getting a...