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What is Debt Management?

debt managementUsually when we talk about debt management we are referring to assistance given to debtors by a third party. This assistance is usually of the expert variety with the aim being to help the debtor to return to a position where they no longer owe money. In recent years there has been a huge rise in the number of people struggling with debt and this type of assistance is increasingly required. Many businesses have sprung up and these promise to offer debt management solutions; not all of these are good options.

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