General Info

What is a DMP?

A debt management plan (DMP) is an agreement between an individual and Pioneer Credit Counseling, a debt relief provider. Once enrolled in the program, the individual repays all unsecured debt over a period of time with a single monthly payment. This payment is then distributed to creditors by us. In most cases, after 3 consecutive payments, creditors agree to reduce interest charges, and also eliminate late and over-the-limit fees.

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Benefits of a Debt Management Plan

  • Stop collection calls.
  • Reduce monthly payments.
  • Lower interest rates.
  • Eliminate late and over limit fees.
  • Simplified payment schedule.
  • Repay debt in full.
  • Maintain or improve your credit score.

Program Cost

There is a small monthly fee for our DMP program; however, as a non-profit agency, we keep our fees as low as possible. Our fee structure ranges from $5/month to $50/month. The cost of the program is based on the number of creditors a client has and the amount owed to each one. The fee is included in the total monthly payment; it is not taken from money paid to creditors.