A debt management program will surely help, but only if you choose a good program and do your research well. Debt management programs are also known as debt management plans, these plans may be able to help you bargain lower interest rates, get late fees waived off, work out a payment schedule that is acceptable to you & to your creditors, and merge your monthly payments into one. Keep in mind, that there are lots of debt management programs that are unreliable or that charge exorbitant fees, and there are some that are just plain fraudulent. You need to be very careful while choosing one, here are some tips that would be helpful:

1. Do it yourself: The best secret of the debt management industry is that you can do almost everything that debt management agencies do, and if you do it yourself, you can save yourself a lot of money. Also keep in mind that signing up with a Credit Counseling Agency can negatively affect your credit score.
2. Find a good credit counselor: Almost every debt management program is administered by consumer credit counseling agencies--so much so, that the terms "credit counseling" & "debt management" are often used interchangeably. You can & you should get real credit counseling before you commit to a debt management program. Thoroughly researching the agency is the most important thing to do before deciding to enroll in their debt management program.
3. Search for a licensed, accredited, non-profit agencies, & be sure to confirm that they are currently licensed in your state (unless you are in a state that doesn't require licensing), and have current authorization & that they do indeed have non-profit status.
4.   Find out precisely how the program works. The terms "debt management," "debt consolidation," & "debt negotiation" are often used interchangeably, sometimes in an effort to confuse or mislead people & at times quite unknowingly. They do it, however, refer to 3 different options, so regardless of what a program is called, find out what it is.
5. Ensure that the company requires complete information from current statements before giving you a quotation. The debt counselor will need you to provide all your current credit card and loan statements before they can tell you how much your monthly payment will be or how long it will take to complete the program. Beware of anyone who gives you a quote without thoroughly researching the following first:

• your account statuses
• balance transfer, cash advance and large purchase activities
• minimum payment amounts
• interest rates   

 Avoid high monthly fees. Most debt management plans charge a titular monthly fee to cover all the administrative expenses. Depending on the number of creditors you have, the monthly fee may differ, but it generally should be between $2-5 per creditor, or at the most, not more than $50 a month. Make sure the agency doesn't charge any other maintenance fees (i.e. an annual fee) in addition to monthly fees.
These are few things you should be careful of before choosing from debt management programs.