Sentences with phrase «goal of a debt management plan»

The goal of a debt management plan is for creditors to be repaid, and for debtors to avoid bankruptcy.

The goal of a debt management plan is to get you out of debt in the shortest period of time, without going through bankruptcy or debt settlement, both of which are detrimental to your credit score.

Not exact matches

The reason it is often advised that you close all accounts, aside from a single emergency account, is that your goal in working with a credit counseling service's Debt Management Plan is to get out of dDebt Management Plan is to get out of debtdebt.

For Beverly Harzog, credit card expert and author of «The Debt Escape Plan,» using free online money management tools from Mint.com has proven especially useful for achieving this goal each month.