You send one payment to the agency running the DMP and they split it among all your creditors.
Utilizing a debt management plan could affect your credit score.
When done correctly, debt consolidation can: There are several ways to consolidate debt, depending on how much you owe.
The best way to consolidate credit card debt under $3,000 could be to get a zero-percent interest credit card and transfer balances from high-interest credit cards over to it.
Although signs show an upturn in the economy, many Americans are deep in debt, and not everyone can work overtime or a second job to pay down that debt.