debt management proposal. Nonfinancial information transmitted through MasterCard RPPS from credit counseling agencies to creditors on behalf of consumers wishing to establish a debt reduction plan.
Device Management Protocol
Debt Management Plan. A consumer deposits money with a credit counseling organization and the organization uses the money to pay the consumer's debts (for example credit cards, student loans, medical bills) on a monthly basis.
Debt Management Plan. This is a repayment scheme for people unable to pay their creditors the full contractual payments.
Debt Management Plan. Allows you to make reduced repayments to your lenders (creditors) over a number of years. Payments are made until the debt is cleared in full or until you are able to make the full repayments again. The repayments are based on what you can afford after a realistic income and expenditure has been drawn up.