What is a Debt Management 
  • Offers credit card consolidation without a loan

  • It will help you stay more organized and punctual with your bills and payments.

  • It creates a realistic monthly budget with a financial goal.

  • Making regular and timely payments can improve your credit report and credit score over time.

  • Debt Consolidation 

  • Creditors or collectors have incentive to stop calling.

HOW TO APPLY FOR A DEBT MANAGEMENT PLAN

How can it help?

A debt management plan is NOT a loan.  In a typical program, debt management companies work with creditors on your behalf to reduce your monthly payment and interest rates on your debt and waive or reduce any penalties. The parties agree on an affordable payment schedule that allows 3-to-5 years to pay off your debt.

1

A debt management plan is NOT a loan.  In a typical program, debt management companies work with creditors on your behalf to reduce your monthly payment and interest rates on your debt and waive or reduce any penalties. The parties agree on an affordable payment schedule that allows 3-to-5 years to pay off your debt.

2

A debt management plan is part of the package of debt consolidation plans that are designed to help people regain control of their finances while reducing unsecured debts. An unsecured debt is one that is not backed by collateral, and includes credit cards, medical bills and student loans.

3

If you decide a debt management plan is right for you, your credit counselor can help you enroll. He or she will work with your creditors to negotiate interest rates and to come up with a payment schedule, which you will review and approve before beginning the plan (YOU MUST APPROVED THE PLAN).