Debt management can help lower costs and streamline payments, but it's important to account for the costs, too.

Debt management is a systematic way to pay off your debts, either on your own or with the help of a professional debt management company. Debt management companies are skilled at negotiating on your ...

A debt management plan (DMP) helps overwhelmed borrowers pay back unsecured debts, like credit cards or personal loans. Read Next: 5 Subtly Genius Moves All Wealthy People Make With Their Money ...

“In a debt management plan, you get the interest rates down to 6 or 7 percent so that most of the payment is going towards ...

Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits articles on a range of personal finance topics. Angelica previously held editing ...