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INSIGHTS

Debt Management

4/1/2023

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What is a Debt Management Plan?

​A Debt Management Plan (DMP) is an informal arrangement between you and your creditors which allows you to repay your debts, normally in full, at a rate that you can afford without relying on further borrowing. If during your DMP you are able to offer creditors a lump sum to settle your debts, it is possible to agree discounted settlements.

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Belleville Corporate Centre, 38 Pine Road, Belleville St. Michael

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