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What courses of action does the counselor typically offer?

April 26, 2017Action bankruptcy counseling consumer credit counseling consumer credit counseling service counselor Courses debt management Offer

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What courses of action does the counselor typically offer?

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All advice is based on your individual financial situation. The counselor will let you know if it appears that you can make your existing payments on your own. If not, the counselor will analyze other debt repayment options, such as a Debt Management Plan, to help you get back on track. The counselor may also discuss other options such as seeking legal advice to understand your options under existing bankruptcy laws. How much does a credit counseling session cost? There is no charge for the credit counseling session. What is a Debt Management Plan (DMP)? A DMP is a confidential program individually designed to provide you with a unique repayment solution for your financial situation. If you enroll in a DMP, MMI will act on your behalf to negotiate new repayment terms with your creditors. By negotiating terms such as lower interest rates and waived late fees, MMI can often provide you with more affordable payments and a shorter payoff period. Is there a cost for the Debt Management Plan