Glossary Of Debt Management & Financial Terms
Debt Management Programme
This is a plan that is designed to control and manage a persons debt obligations via third party assistance from a debt management company, where they assist in negotiating lower monthly repayments that the client can afford out of their disposable income and also to try and get the creditors to suppress interest and charges for the duration of the DMP.
A plan debt plan set up using a customers Income & Expenditure to access his/hers/their present financial position.
See Debt, Creditors, Debt Counselling Agencies, Debt Management Companies.
