Debt Management allows you to make a single monthly payment that is distributed to your creditors. Debt management eliminates the need to make individual payments to each creditor. Many of the creditors who participate in the debt management program will allow you to reduce your monthly payment and, after you establish a payment history, will reduce or eliminate interest and late charges. Debt Management will help you to adjust your monthly expenses and formulate a monthly debt management budget. All of your unsecured debts can be paid from automatic deductions from your checking or savings accounts on the day that you choose. Debt Management may have a positive effect on your credit rating.