Debt Management Services in dubai, UAE.
What is debt Management?
A debt management plan is NOT a loan. In a typical program debt management companies work with creditors on your behalf to reduce your monthly payment and interest rates on your debt and waive or reduce any penalties. The parties agree on an affordable payment schedule that allows 3 to 5 years to pay off your debt. A debt management plan is part of a package of Debt Consolidation plans that are designed to help people regain control of their finances while reducing unsecured debts. Unsecured debt is one that is not backed by collateral and includes credit cards, student loans, and medical bills.