The easy answer to who is debt management suitable for would be everyone.  Debt management doesn't just have to be about your debts spiralling out of control.  If fact we all do our own style of debt management every month.  We look at our income and then divvy up the income towards the bills we have to pay.  Then whatever is left over is applied either to savings or other things that we need. 

The type of debt management we typically speak about is when our debts get out of our control and we are no longer able to deal with it in an organized fashion.  Typically at this point we begin to seek help because there just isn't the income to pay the bills, collection agencies are hounding us, and we need a mediator.

Debt management in this manner is about the debt advisory agent helping you create an informal agreement with our creditors so that you can again feel relief and pay your bills without incurring collection agencies again.  A good debt management  plan also helps reduce the payments so that you can feel relief and begin to get yourself back on track financially.

While not everyone who seeks debt management device may be in dire straits, that's okay.  You can seek help before you are in a situation where more action is warranted.  You can even seek help to decide if there is something you might wish to change regarding the current situation.  For instance, if you wish to purchase a house, but don't know if you can afford it you can obtain debt management advice.  In this case you would be able to decide if or when you can afford to buy property.  You may find areas in your finances that need to be changed.

Debt management is more suitable for those who are starting to head into financial difficulties.  When debt has spiralled out of control you are already in a predicament.  This situation needs an answer and quickly.  When you seek the informal agreement with creditors it can take a few weeks to a month to have an agreement met.  There will be many talks between you, the debt management personnel, and the creditor.  At the end of the agreement you will have payments you can afford; however, letting your situation get to this point can be dangerous for your financial health.

By waiting until you don't have savings to make an agreement with you could be waiting too late.  At this point an IVA or bankruptcy agreement may be needed over the debt management help you seek.  Many think of debt management as the first line of proactive work on the consumer's part.  There is a point where debt management is not going to work in the manner you wish for, and that is when it is no longer suitable.  All though you also have debt management options in the IVA's or bankruptcy, those are different topics from the type of debt management we are speaking of here.