Depending on the amount of debt you have, you may be spending a significant portion of your income paying your credit card bills. What makes this worse is that most of those payments are going to pay interest on those accounts. It is not enough to simply lower your credit card payments. You may be able to do this on your own, but in many cases you'll find that you'll need help to negotiate lower interest rates. One way to be able to pay down your debt at the same time as lowering your payments. This will save you time as well as money. Once you are free of credit card debt, you can use your entire paycheck to pay or save for current and future needs and desires. If you lower your payment alone, you will only be making less progress towards paying off your debt, ensuring you'll be paying on the account for longer. A debt management plan is that you only have to make one payment each month. Because the debt management company can work with your creditors to negotiate a lower interest rate, the payments you make each month will be more productive, even if you might be able to pay down your debt at the same time as lowering your payments. This will save you time as well as money. Once you are free of credit card debt, you can use your entire paycheck to pay or save for current and future needs and desires. If you lower your payment alone, you will only be making less progress towards paying off your debt, ensuring you'll be paying on the account for longer. A debt management plan is that you only have to make one payment each month. Because the debt management company can work with your creditors to negotiate a lower interest rate, the payments you make each month will be more productive, even if you might be able to pay down your debt at the same time as lowering your payments. This will save you time as well