Companies are springing up everywhere. These companies help "manage" your debt by taking one monthly payment from you and distributing the money among your creditors, with whom they've often worked out lower payments and lower interest. This is not a loan as with debt consolidation. Sometimes people get the two confused. However, because Americans are up to their eyeballs in debt, the debt management business has become one of the fastest-growing industries today.

There are several debt help options available, amongst which is a debt management plan, which can be the ideal way of turning your loan, credit card, store card and overdraft payments into one affordable, single monthly payment, helping you pay off what you owe – and get on with your life. Debt management is an effective way for people with financial problems to become free from their financial burden. Usually if a person is struggling with their finances they will often owe money to many creditors, which can make keeping up-to-date on payments complicated. Debt management gathers debts together into one affordable payment, making them easier to manage. Debt help from Chiltern is designed to help people reduce their repayments, which can be achieved by spreading payments over a longer period of time, thus making them more manageable.