Achieve Financial Freedom with a Debt
Management Program

A DMP is a structured plan that lowers interest rates and combines bills into one monthly payment, no new loan required.

Enrolling in a DMP does not directly create a negative credit-scoring factor, but related changes, such as closing credit card accounts, can affect your credit utilization and score. Creditors may also note that an account is being repaid through a DMP. Consistent payments and lower balances may help your credit over time, but results vary by individual.

Creditors generally expect eligible unsecured accounts to be included, but account eligibility and exceptions can vary. Your counselor will review each debt and explain which accounts can or must be included before you decide whether to enroll.

Most credit card accounts included in a DMP must be closed. Limited exceptions may be available for an essential-use or business card, depending on the creditor and program requirements. Your counselor will explain the rules that apply to your accounts.

Most debt management plans are designed to be completed within three to five years. Your projected timeframe will depend on your enrolled balances, creditor terms, and the monthly payment your budget can support. You may be able to complete the plan sooner by making additional payments.

Your initial credit counseling session is free. If you choose to enroll in a DMP, a one-time enrollment fee and monthly administrative fee may apply. Fees vary based on state requirements and financial circumstances and may be reduced or waived for qualifying consumers. All applicable fees will be disclosed before you enroll.