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What is a debt management?

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financegenie
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What is a debt management?  Reply with quote  

Hello Everyone ,
Need help.. Can anyone tell me what debt management is..?

Thanks in advance!!!! Laughing
Post Wed Jan 12, 2011 6:24 am
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Michigan
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Allocating enough money to sustain your life, and cut down your debt efficiently at the same time.

Post Thu Jan 13, 2011 9:30 pm
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buziness11
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debt manegement means to allot some money from your fix income to your debt pay..this is clled debt management....
Post Wed Jan 19, 2011 8:17 am
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iexin
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debt management is the way to manage your debt so that you don't mess up with to much debt Twisted Evil
Post Sun Jan 23, 2011 6:47 pm
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moonkhan253
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congrats on the minimum monthly-stop using the cards. Now call all the cardholders and ask nicely if they have any options to lower interest- or reduce fees. Create a workable budget and try to pay off the highest interest stuff first. There is nothing a debt management program can do that you can't do on your own. Creating the budget is the key. Living by it is the magic.

No fake signatures - thanks
Post Mon Jan 24, 2011 10:21 am
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cccfree
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A credit counseling agencies goal is to put a consumer (that is need of it) into a debt management plan for two primary reasons 1) if you have a debt management plan you and your counselor will be able to negotiate with your creditors 2) it sets a plan down on when, and how much to pay into your debt.
Post Tue Mar 08, 2011 6:19 pm
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RichS
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Debt management is more than making sure you have enough funds to pay the bills. It is also about keeping your debt small enough so that the money or income you are receiving is sufficient to pay off the debt. Debt is not necessarily a bad thing. It does have it good points. But you lose the good points when your debt starts to exceed your income.

No company in existence today could have gotten where there are today if they didn't go into debt. Again it goes back to making sure that the debt doesn't overpower you. This is the current problem in United States today. We have become a debtor nation where what are we taking in is getting to the point of not covering the bills we have to pay. When that happens and continues bankruptcy is right around the corner.
Post Tue Mar 08, 2011 7:41 pm
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AtoZ
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Managing the amount of debt you have along with the amount of money you set aside to pay that debt down.
Post Wed Mar 09, 2011 9:03 pm
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terrancebrandt
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Work hard to earn the money you wanted. Spend on the things needed than the things wanted. Live within your means, you shall be debt free. Theoretically, but that doesn't mean it is not doable.
Post Fri Mar 11, 2011 1:12 pm
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buziness2011
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Debt Management explained by itself and it's pretty obvious, which is to manage your debt. There are many ways on how to manage your debts based from your lifestyle. Go to yahoo or google and type these keywords and you will get thousands of companies who'll try to sell you their services. I recommend not to use them, instead, just discipline your spending habit.
Post Wed Mar 16, 2011 8:40 am
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maliahh
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Hello,
Today there are many company which settles all the things related to debts. people go to them for management and they manage by there own way.Debt management is a process that allows you to settle your debt for a fraction of the original balance. Debt settlement is a great option for individuals and families who are currently suffering from a financial hardship, such as a job loss, reduced income, medical bills or divorce.

thanks!!
Post Thu Mar 17, 2011 9:46 am
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vaultwholesale
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It's a macroeconomic issue in the sense of -- A Debt Management Plan (DMP) is a method used in various countries for paying personal unsecured debts. Typically, such debts are out of control payments are late and/or take too large a portion of income, or even exceed it. A DMP usually involves a third party organization that looks at all or some of the debts, assessing income and budget, and re-negotiating interest rates and payments with the lenders. The negotiated rates and payment plan is based upon the probability of a higher likelihood of collection by the lenders in light of the debtor's more realistic monthly repayment.

And on a personal level or corporate/business level it is managing your debt and optimizing your debt to make sure your company is profitable or your income is profitable while taking on Good debt (debt which can create assets such as real estate)
Post Thu Mar 24, 2011 8:05 pm
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rovelldarren
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Debt management is to seprate some money from your income and pay off debt on time Smile
Post Sat Mar 26, 2011 7:35 am
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alp12ha
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debt manegement means to allot some money from your fix income to your debt pay.this is clled debt management.
Post Thu Mar 31, 2011 4:35 am
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