What is Debt Management ?

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What is Debt Management?
Debt Management is the process by which a company will solicit each of your individual creditors to pay them off then in turn charge you only one monthly payment as opposed to several. Successful debt management will always create a new single monthly payment less than the combined payments you previously had. Debt Management can help you get yourself out of debt and also improve your credit rating. Often Debt Management companies will negotiate with creditors to waive late fees and interest payments.
Debt management can be the first step toward financial stability and peace of mind.