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A debt management plan is a tailored plan that helps a person get out of their debt problem. This plan involves working closely with the client to come to an agreement on how much they can afford to pay each month to be debt free.
We also work as a mediator with your creditors so that there is a minimum amount of stress to you. We help negotiate sensible repayment terms to these creditors.
However, we cannot guarantee acceptance from creditors and we should caution you that the debt management plan may increase the length of time and total amount repayable of your debts in some circumstances.
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