What is a Debt Management Plan (or DMP)?

A Debt Management Plan (also known as a DMP) is a sponsored repayment where you work with a a non-profit Credit Counseling Agency to pay back your existing debts. These plans typically last for about 4 or 5 years (maximum of 60 months) and will include a fixed payment due on the same day of each month throughout the duration of the DMP. 

Share on facebook
Share on twitter
Share on linkedin

Articles

Seven questions to ask before filing for bankruptcy

If you’re in debt over your head, afraid of being sued, and just want the collection calls to stop, you…

Considering a debt consolidation loan? Here's what to look for

If you’re barely keeping up with your monthly debt payments, or even starting to fall behind, you might be thinking…

Is ‘pay for delete’ finally going mainstream?

Historically, consumers have sometimes been harassed or even intimidated by debt collectors. However, federal guidance and actions against creditors in…
Badge_ssl

We use bank-level security with 2048-bit SSL encryption and will never share your info without your consent

Badge_bbb

HelloResolve, Inc. is an accredited company with the Better Business Bureau​

Badge_cfsi

We were selected as a winner of the prestigious CFSI Financial Solutions Lab by J.P. Morgan Chase

Copyright © 2019 HelloResolve, Inc. All rights reserved