For more information regarding this video, check out this link: https://www.debt.com/credit-card-debt/management-program/
How does a debt management program work?
With a debt management program, credit counselors negotiate with your creditors to accept a new payment plan and lower interest rates. Interests range from zero percent up to about eleven percent depending on the creditor.
All of the debts are consolidated into one monthly payment that works with your budget.
The large reduction in interest enables you to pay off the debt faster and more money each month goes towards principal. Most people complete the debt management program in about three to five years.
Enrolling in the program usually doesn’t have any negative impact on your credit score as long as you keep up with the payments. In fact, many people with low credit scores at the start of the program usually see their credit improve by completion. Since your creditors agree to the payment plan, it helps you build a positive credit history as you pay off your debt.
The best way to find out if this solution will work for you is to speak with a certified credit counselor who will evaluate your finances. If a debt management program is your best option, they can help you enroll. Otherwise, they’ll let you know which solution you should pursue.
If you enroll in a debt management program, the credit card accounts you include will be frozen and you will not be able to use those cards. In many cases, you can also include medical debt and payday loans.
Debt management plans are a great way to help your family get out of debt and continue to reach your financial goals.
To get started, simply fill out our form or better yet, call us now, and we’ll match you with the best solution for your situation, for free. We are A- plus rated by the better business bureau and have helped thousands of people become financially stable.
So, don’t struggle any longer, give us a call. When life happens, we’re here for you.
With a debt management program, credit counselors negotiate with your creditors to accept a new payment plan and lower interest rates. Interests range from zero percent up to about eleven percent depending on the creditor.
All of the debts are consolidated into one monthly payment that works with your budget.
———————————————————————————————
Liked this video? Subscribe here: http://www.youtube.com/subscription_center?add_user=DebtDotCom
And remember to let us know your thoughts in the comments section below!
For more information about Debt.com SIGN UP for our NEWSLETTER: https://www.debt.com/ub/newsletter/
Follow us on social media:
? Facebook: https://facebook.com/debtcom/
? Twitter: https://twitter.com/debtcom/
? Instagram: https://www.instagram.com/debtcom/
? Google+: https://plus.google.com/+DebtDotCom
Debt.com is the only debt management company I know of that gives seniors and disabled persons who contact them honest and complete advice regarding their rights.
I am an attorney for over 40 years and the Executive Director of HELPS, a national charitable nonprofit law firm that assists lower-income seniors and disabled persons. Lower-income seniors and disabled persons are different than other debtors. Their income, Social Security, pensions, or disability is protected by federal law. Sadly I see many lower-income seniors unnecessarily enrolled in a debt management program- going without basic needs to make payments they can't afford. They were never informed that their income was protected. Debt.com actually advises seniors and disabled persons that their income is protected and gives other options. Debt.com focuses on helping seniors and disabled persons and not their own bottom line. Other debt management companies would do well to follow Debt.com's example. Eric Olsen Executive Director HELPS Nonprofit Law Firm