Achieve Financial Freedom with
a Debt Management Program

Reduce interest rates, consolidate payments, and pay off debt faster with a structured debt management program designed specifically for your financial goals. By assessing your debt-to-income ratio, our counselors can understand your debt and create a debt relief plan that works for you.
Connect with a counselor800-431-8157

How a Debt Management Program Works

Streamlined Payments
for Financial Clarity

Our DMP replaces multiple debt payments with one consolidated monthly payment. This simplifies budgeting, makes it easier to track progress, and reduces the risk of missed payments, all without taking out a new loan.

Reduced Interest and Achieve Debt Relief Faster

Our counselors work with creditors to secure reduced interest rates and waived fees. By lowering these costs, more of each payment reduces your principal debt, helping you pay off balances faster and saving you money over time.

Improved Credit
Score Over Time

A DMP can positively impact your credit score by helping you consistently make on-time payments and gradually reduce outstanding debt. As your balances decrease and payment history improves, you may see a gradual increase in your credit score.

Say Goodbye to Debt and
Hello Debt-Free Life

Understand Your Debt,
‍Take Control of Your Debt

With our nonprofit debt management plan, you can consolidate high-interest debts like credit cards, personal loans, and medical bills into one payment. We negotiate lower rates, making debt repayment easier and helping you move closer to financial freedom.

Lower Your Payments,
Become Debt Free Sooner

With our nonprofit debt management program, you can consolidate high-interest debts into one manageable payment. We negotiate with creditors to lower rates, making it easier to pay down debt and move closer to a debt-free life.

Build Financial Skills,
‍Live a Debt-Free Future

Our debt management plans include educational tools to help you create strong financial habits. From budgeting techniques to tips on managing expenses, you’ll be empowered to maintain financial stability long after your debt is paid off.
Connect with a counselor800-431-8157

Step-by-Step
Debt Management Program Process

Step 1:
Start with a Free
Debt Management Consultation

Meet with a certified counselor to analyze your debt-to-income ratio and monthly obligations. We assess your eligibility for a DMP, explaining how it consolidates your debts without requiring a new loan.

Step 2:
In-Depth Debt Review
and Consolidation Options

Our counselors review each debt’s balance, interest rate, and due dates. Through a DMP, we negotiate lower interest rates and waive fees, allowing you to replace multiple payments with a single, lower monthly payment.

Step 3:
Receive a Custom
Debt Management Plan

We build a personalized DMP that consolidates your debts. The plan arranges a fixed monthly payment to creditors at reduced rates, helping you save on interest and accelerate debt reduction within a clear timeline.

Step 4:
Equip Yourself with
Tools for Long-Term Success

Our DMP includes ongoing support to help you manage finances independently and stay on track after completing the program. Receive budgeting resources and financial education to build a lasting deb-free life.
Start Your DMP,
Become Debt-Free!
Connect with a counselor800-431-8157

See How We’ve Helped Clients Overcome Debt

Our debt management program has empowered thousands to reduce debt, improve credit, and regain control of their finances.
Begin Your Debt-Free Life Today!
Connect with a counselor800-431-8157
service ecosystem-min

Financial Tools Made
to Help You Manage Debt

Armed with the right tools, managing and improving your credit becomes a seamless task. Effective budget counseling is key to credit health. Our resources and tools guide you in allocating funds wisely, reducing debts, and positively impacting your credit score.
Explore Our Resources

Debt Management Program FAQ's

What is a Debt Management Plan?

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.

Will a Debt Management Program affect my credit?

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.

In my DMP, can I just include the bills I’m having problems with?

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.

Can I keep some of my credit cards while I am on the DMP?

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.

Dive Into Our Debt Blogs for Deeper Insights

What Is a Debt Management Plan and How Can it Help You?

When should you consider a Debt Management Plan?

The Impact of a Debt Management Plan on Your Credit Score

Read more debt blogs
Credit.org is not a loan company. We do not loan / lend money.
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Credit.org is an independent nonprofit financial counseling agency and is not affiliated with any mortgage, lending or servicing provider. The content, links and resources in this site are presented for informational purposes only and should not be construed as legal or tax advice.

Credit.org is not a credit repair company.
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Credit.org does not offer credit repair services. Our focus is on providing educational resources, counseling, and support to help individuals improve their financial health and achieve their homeownership goals. We do not engage in activities that promise to remove or alter negative credit information from credit reports.
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