Meaning of “debt management” in the English Dictionary

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"debt management" in Business English

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debt managementnoun [ U ]


methods used to reduce or pay back debts, or services provided to help people do this:

a debt management plan/program They offer a debt management plan allowing you to pay a fixed sum each month, which is then divided among your creditors.

(Definition of “debt management” from the Cambridge Business English Dictionary © Cambridge University Press)