HOW DOES DEBTMA DEBT MANAGEMENT PROGRAM WORK?
You make a single monthly payment and our certified and trained staff does the rest. You will continue to receive statements monthly, directly from your creditors reflecting the reduction or elimination of interest and fees. This savings can be applied to other bills, thus saving thousands of dollars and years of payments. After reviewing your financial situation a certified credit counselor will arrange reduced monthly payments with your creditors who will than bring your accounts current, if behind ,and will stop the late fees, penalties and the over the limit fees. This will put more money in your pocket instead of your creditors which will allow you to get out of debt.
Related Questions
- Which types of debts cannot be placed in the Debt Management Program but may be settled for less than what is owed through a Debt Reduction Settlement?
- What is Debt Settlement and how does it differ from Debt Management (also referred as Credit Counseling or a Debt Consolidation Program)?
- Is a debt management program the same as filing for bankruptcy?
