How Do You Use Debt Management Plans?
Experiencing a financial crisis can be devastating. When you can no longer pay your bills, you must explore the alternatives. One choice is to sign up for a debt management plan (DMP) through a consumer credit counseling agency. See if a debt management plan is right for you. Locate a reputable credit counseling agency in your area. Nonprofit status is no guarantee of a legitimate organization. Check for any complaints against the consumer credit agency with the Better Business Bureau or other consumer protection agency. If your state requires licensing, check that the organization is compliant. Talk with a consumer credit counseling organization about services they provide, such as credit counseling and financial education. Ask how your personal information will be kept secure. Find out what kind of training personnel receive, and how they are paid. Counselors should not be affiliated with a creditor nor should they be paid according to the number of services you sign up for. Meet wit
