Why you should create your own debt management plan? The answers simple really in that to be brutally frank, no one should know more about your debt position than you do.
If someone does, then make it your business to find out totally what the position is. To split metaphors, you can’t dig your way out of a hole successfully if you don’t know how deep the hole you’re standing in is in the first place.
Without wishing to sound like some sort of “folksy sage” it is imperative that you have as much knowledge at your fingertips as is humanly possible. You have to be able to lay your hands on the answers to straight forward questions (and in some cases quite complicated ones as well) very quickly and if you can’t then learn quickly how to.
If anyone asks you why you should create your own debt management plan then your answer should be “why not? I’m in control here”. There is no reason why you should not be able to create your own debt management plan?
