debt management Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “debt management” in the English Dictionary

"debt management" in Business English

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debt managementnoun [U]

uk   us   FINANCE
methods used to ​reduce or ​pay back ​debts, or ​servicesprovided to ​helppeople do this: a debtmanagementcompany/​firma debt management plan/program They ​offer a ​debtmanagementplanallowing you to ​pay a ​fixedsum each month, which is then ​divided among your ​creditors.
(Definition of debt management from the Cambridge Business English Dictionary © Cambridge University Press)
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