Huge debt

Yup...dmp and credit counselling are the same thing. Both manage and negotiate your debt for lower payments. If you are refering to Consumer Credit counseling, they are non profit whereas most debt management programs are for profit.

Which has a better record the profit programs or the non profit ones? Will creditor stop charging late fees once I enroll?

They should stop charging once you enroll in a program

Once you enroll into a debt management program, late fees, over-the limit will be eliminated. Apart from that, your interest rates will be reduced. This may help to lower your monthly payments. You'll only be required to make a single monthly payment to the debt management company. You don't have to manage multiple bills every month. The company will disburse the money between your creditors as per their individual share. Moreover, the creditors will stop making collection calls to you.

If you have 20-30 percent of what you owe you could probably make it go away in 60 days. I called 866-833-6398 and they saved me tons of money and no more phone calls and better yet now I am debt free.