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Do creditors have to accept the repayment proposals offered by the Debt Management Plan?

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Do creditors have to accept the repayment proposals offered by the Debt Management Plan?

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Your creditors are not legally bound to accept our repayment proposals for a DMP (Debt Management Plan). However, due to the fact that we demonstrate the proposals are fair and affordable, most proposals are accepted. In rare cases where they are not, we negotiate for the debt to be passed to a third party who will accept the proposal.

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