A Debt Management Program Improves AffordabilityA Debt Management Program is not a solution that seeks to write-off credit card debt. Instead, the objective is to make monthly payments more affordable for the borrower. Rather than paying the amount specified in the credit agreement, a reduced payment is made based on affordability.
A debt counselor will help to restructure your unsecured debts. It is not suitable for dealing with secured loans, such as a mortgage or car loan. It is not a new loan, it simply involves an amendment to the T&C's of an existing credit agreement. Help can be provided, regardless of credit history. The majority of those who apply have already missed or made late payments on credit card debt and other forms of unsecured debt. If this is the case, your FICO score is unlikely to worsen. Before contacting a debt management company, gather as much information about your unsecured debts as possible. Useful information includes: creditor name, account number, unpaid balance, rate of interest, minimum monthly payment, creditor address and telephone number. The provision of this information will help to prevent any delay in commencing this debt solution.Find out whether a debt management plan is the right debt free solution for you. 
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