What Is A Debt Management Plan And How Does It Work?

Debt Management Plan, as by Wikipedia:"A debt management plan (DMP) is a method used for paying personal unsecured debts (which typically are out of control in the sense that payments are late and those due are taking too large a portion of income, or even exceeding it) that involves noting all the debts, assessing income and budget, and re-negotiating interest rates and payments with the lenders