Enrolling in a debt management plan is not a quick fix, but it is one of the most effective ways for an individual struggling financially to become debt free. It may take an individual years to complete the program – the time will depend on the amount of the individual’s debt before signing up. Expect help, but also expect to work for it.
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.
Progress Reports & Follow-up Sessions
Each client’s personal credit counselor will be available throughout the duration of the program and will contact them regularly to discuss progress, review financial goals, and help make budget adjustments. These ongoing follow-up sessions will be a measure of each person’s progress throughout the duration of the Debt Management Program and give them the knowledge and confidence to stay on top of their debt.
Upon the successful completion of a debt management program, the original debt will be successfully paid off and the strategies developed during the debt management program will lead each individual toward continued financial success.