What is a debt management company designed to do?

A debt management company primarily focuses on assisting individuals in dealing with their debt. The correct answer highlights the company's role in negotiating with creditors to create a structured plan for repaying outstanding debts. This often involves consolidating debts into a single monthly payment, negotiating lower interest rates, or reducing the total amount owed.

Debt management companies work with consumers who might be struggling to keep up with multiple debts, offering a pathway to manage these obligations more effectively. They serve as intermediaries between the debtor and creditors, aiming to facilitate communication and create a manageable repayment strategy tailored to the individual's financial situation.

The other options do not align with the primary purpose of a debt management company. Providing investment advice, offering personal loans, and managing savings accounts fall outside the scope of debt management services, as those functions are typically associated with financial advisors, lenders, or banking institutions.