1660: What Is a Debt Management Plan and How Does It Work by Jackie Beck on Help For Your Financial Life

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Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 25 September 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Jackie Beck explains what a debt management plan is and how it works Episode 1660: What Is a Debt Management Plan and How Does It Work by Jackie Beck on Help For Your Financial Life Jackie and her husband paid off over $147,000 in debt, including their house! She’s walked the walk to become completely debt free, and she wants to help you do the same with her award-winning Pay Off Debt by Jackie Beck app. Jackie and her app have been featured in Oprah Magazine, MarketWatch, Forbes, CNBC, and more. The original post is located here: https://www.jackiebeck.com/what-is-a-debt-management-plan/ Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily, Episode 1660.
0:04.0	What is a debt management plan, and how does it work?
0:07.1	By Jackie Beck of JackieBeck.com.
0:10.0	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.2	This is the show where I serenade you with the sweet sounds of personal finance knowledge
0:18.7	from some of the best blogs on the planet.
0:21.2	With the author's permission, of course.
0:23.6	Are you loving Optimal Finance Daily?
0:26.0	Why not share with a friend today?
0:27.8	Invite them to join the party by sending them a link to OLDpodcast.com.
0:33.0	And while they're there, they can check out our other shows on topics like personal
0:36.7	development, health, and relationships.
0:39.2	But since you're here, let's get to today's post as we optimize your life.
0:48.2	What is a debt management plan, and how does it work?
0:51.6	By JackieBeck of JackieBeck.com.
0:54.9	If you have a bunch of different unsecured debts, there are several ways to pay them off.
1:00.3	For example, you might consider a debt management plan, or DMP.
1:05.3	The plan can usually be used for credit card debt, small medical bills, and debts that are in collections.
1:11.7	I've used one myself many years ago.
1:14.3	My ex and I set up a debt management plan for a credit card debt.
1:18.4	It did work for us, but if I'd known then what I know now,
1:22.5	using a debt snowball would have been faster in our case.
	...

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