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September 26, 2016

Do debt management plans work? Yes and no

  • Debt management plans are touted as an alternative to bankruptcy and an affordable way to pay back credit card debt, but they won't work for everyone.
    • By LIZ WESTON
    NerdWallet Columnist

    Nonprofit credit counselors are the good guys in the debt relief industry, which is otherwise full to bursting with lies, scams and sketchy players.

    That said, credit counselors need to acknowledge that their signature offering — the debt management plan — doesn't work for everyone.


     
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