How will a debt management program help me?
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A debt management program is a plan to get you out of debt. It creates a simple program that allows you to make a single monthly payment that is in turn paid out to your creditors. Sometimes, participating creditors will reduce your monthly payments. Once you establish a payment history, some creditors might even reduce or eliminate interest or late charges. If that occurs, more of your payment will go toward reducing your debt and you will get out of debt faster. It takes patience and discipline to participate in a debt management program. If you don’t have adequate income to repay your debts or lack patience and discipline, contact a bankruptcy lawyer to review your options.
A debt management program is a proven plan to get you out of debt. It allows you to make a single monthly payment that is distributed to your creditors. This eliminates the need to make individual payments to each of your creditors. Many of the creditors who participate in the program will allow you to reduce your monthly payment and, after you establish a payment history, may reduce or eliminate interest and late charges, and harassing collection calls should stop. That way, more of your payment goes to reducing your debt, getting you out of debt faster. Beware of other companies who over-promise and then cannot deliver. As the largest provider in the industry, we have a proven track record and stand behind our word. Will a debt management program stop collection calls? Collection calls usually stop after the third consecutive payment on the debt management program. If you continue to receive collection calls after your creditor has posted three consecutive payments, please contact us
• A debt management program is a proven plan to get you out of debt. • It allows you to make a single monthly payment that is distributed to your creditors. • This eliminates the need to make individual payments to each of your creditors. • Many of the creditors who participate may reduce or eliminate interest and late charges, and harassing collection calls should stop. • More of your payment goes to reducing your debt, getting you out of debt faster. • Beware of other companies who over-promise and then cannot deliver. As the largest provider in the industry, we have a proven track record and stand behind our word.
A- Contrary to popular belief, debt management is NOT A LOAN! A debt management program allows you to make a single monthly payment that is in turn distributed to your creditors. This eliminates the need to make individual payments to each of your creditors. Many of the creditors allow you to reduce your monthly payment and reduce interest and late charges and stop collection calls. That way, more of your payment goes to reducing your debt, getting you out of debt faster.
