Our ServicesDEBT MANAGEMENT
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DMP Program is a good resolution for clients, who are comfortably making their minimum payments, have an emergency fund for their family and do not need or use their credit cards to cover any monthly living expenses.
This is a program of credit counseling services for troubled credit card holders. These agencies have branched off to the private sector but at least you know that there are cheaper alternatives. Debt management agencies will help you analyze your financial standing, determine how much you can pay, and will negotiate with the creditors on your behalf. The negotiation can be on longer terms or lower monthly amounts – whatever is necessary for you to afford payments. Instead of paying the creditors’ directly, you will be paying the debt management agency and they will distribute the funds accordingly.
The debt management program allows you to:
- Get out of debt much faster
- Reduce your interest rates
- Alternative to bankruptcy*
- Help with Collection/Creditor Calls
The benefit of going for this type of debt relief option is the possibility of lowered interest rates and monthly payments, waived penalty charges and other fees. Most of all, you will no longer be harassed by your creditors as they will be coursing everything through the debt management agency.