- Not all creditors might agree: A debt management approach is a voluntary settlement among both you and your creditors, instead of all creditors may comply with participate in the system or to offer you a similar conditions. In summary, avoiding debt traps and being financially secure is very important https://images.google.ac/url?q=https://alleviatefinancial.com/debt-settlement/avoiding-debt-traps-and-spotting-financial-fitfalls/