This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This strategic alliance is designed to empower financial institutions to ...

Debt settlement and management both reduce debt, but their timelines and trade-offs differ significantly.

Forbes contributors publish independent expert analyses and insights. Melissa Houston covers financial issues that affect women in business. Managing debt is an inevitable part of growing a business.

If you have out-of-control debt, you probably have made an attempt or two to pay it down. But a debt management plan (or DMP) is a much more organized plan of attack. You usually enroll in a DMP ...