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A debt management plan essentially involves educating individuals about the different ways and means of overcoming debt, and the pros and cons attached to them. While debt management counseling agencies may suggest different plans depending on various factors (including your debt posture, income, and other social factors), the main objective of every debt management plan remains the same, and that is: to help people in effectively overcoming debts.
Some debt consolidation companies also design personalized plans based on individual requirements. To learn more about debt management plans and how they work, take a look at this article on Wikipedia:
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