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What is a Debt Management Program?

debt management program
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What is a Debt Management Program?

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A debt management program is a proven program for consumers who can no longer continue to meet his or her financial obligations, such as credit card debt, student loans, and other personal and unsecured debt, due to any number of different circumstances. Debt Reduction Services provides consumer credit counseling and can work directly with your creditors to create a repayment plan that often includes a lower monthly payment, stopped or reduced interest, and the elimination of late fees and over limit fees. This way, more of your payment goes to reducing your debt, thus getting you out of debt faster. You make one payment to Debt Reduction Services each month, and in turn, we disburse the payments to all of your creditors. If this sounds like a real solution to your debt problems, contact us today, and learn to live debt free.

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A Debt Management Program is a payment plan between you, Advantage Credit Counseling Service, and your unsecured creditors. In this plan, creditors agree to offer special concessions to help you get out of debt. These concessions may include reducing your interest rates and stopping late and over-limit fees. This plan can reduce the months or years of repayment. For additional information about our debt management program, click here.

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A Debt Management Program is a process that allows a professional firm to reach an agreement with your creditors to achieve the lowest and most affordable monthly obligation needed to satisfy all your unsecured credit accounts. A large benefit to this type of program is that you will obtain one monthly payment (consolidate). Although this is NOT A LOAN, we are able to assist clients in dramatically reducing their overall interest rate, charges, monthly payments, and most importantly pay-off time.

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