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

Getting Married? How to Talk About Debt Before You Say I Do

You’re in love. You’re planning to get married. Ready to talk about money? Apparently 88% of Americans think that conversation…

7 Celebrity Bankruptcies and What You Can Learn From Them

Tax man troubles. Bad investments. Shady financial advisors. Lavish spending. These are some of the pitfalls that lead the rich…

How to file Chapter 13 bankruptcy

Hopefully, if you’re reading this, you’ve looked into different ways to resolve your debt woes before jumping straight to bankruptcy.…
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 seleted as a winner of the prestigious CFSI Financial Solutions Lab by J.P. Morgan Chase​

Copyright © 2019 HelloResolve, Inc. All rights reserved