Achieve Debt Relief with
a Debt Management Program

A DMP is a payment plan that helps you repay your debts. Under the plan, you deposit funds with us each month, which we disburse to your creditors. We also handle calls from your creditors to ensure everything is going smoothly. The vast majority of our payment processing is electronic, so funds are transferred directly to the creditors without delay. Creditors may also offer to reduce or waive fees, finances charges, or interest rates to help lower your DMP payments and ensure your success on the plan.

Participation in a Debt Management Program has no direct impact on your credit score, but being enrolled in a Debt Management Plan may change some aspects of your credit report that may have a negative impact. A particular creditor may look at a Debt Management Plan as a minus when reviewing your credit. Also, some creditors may indicate that you are “not paying as agreed” while you are on the Debt Management Program, even though they are accepting the reduced payments. A certified counselor can talk to you about the effect on your credit based on your unique mix of creditors. Ultimately, a Debt Management Plan helps to improve your personal financial situation by helping you to repay your debts in full. This can only have a positive impact on your credit in the long run.

No. We must include all of your debts in the plan, and we treat them all equally, even if some are more manageable than others.

No. All of your lines of credit must be closed while you are on the DMP. Only very rarely are exceptions made; in these cases, some clients may be able to keep one credit card account open for business purposes. Typically, creditors are ready to open new accounts for our clients as soon as they complete the DMP, especially if their payment history was solid while they were on the plan.