How much do I need to have for a debt management?
It depends on your debt amount. A genuine debt relief company will always try to reduce your monthly payments and lower the interest rates and waive off penalties as much as possible. Based on your financial condition, they will try to chalk out a 3 to 5 years affordable payment schedule to pay off your debts!
Debt relief companies won't be able to help you if you haven't saved any money. No matter how good a debt relief company is, you have to make monthly payments. And, for that, either you need to have savings or you need to a regular source of income. The amount will depend on your revised repayment plan.
How cana debt relief company help you if you can't make any payments? even if you don't have any savings, you have to plan a budget and save as much as you can to get out of debt. However, depending on your financial situation and the amount of debt you have, you can opt for consolidation or settlement or together. That is, consolidating some of your debts and might be settling one or two. If required, talk to an expert to guide you through the process.