If you’re looking for a way to manage unsecured debt, and trying to determine what’s best for your situation, a Debt Management Plan (DMP) may be an option you’ve considered.
A DMP helps you to pay off unsecured debts through a non-profit credit counseling agency like CESI. Under a DMP, your enrolled debts are consolidated into one monthly payment. Each month you make one simple payment to your credit counseling agency, and each of your creditors will be paid on your behalf.
A DMP can help you regain control of your finances without the harmful impact of bankrupcy or debt settlement. Some of the benefits of a DMP may include:
- One easy monthly payment
- Creditors may waive fees
- Typically, creditors will offer lower interest rates
- Pay off debt more quickly than on your own paying minimum payments
- Stop frustrating collection calls
- Ongoing financial education and support
We surveyed CESI Debt Management Plan graduates one year after completing the program to measure the impact our services have had on their life. We’ve gathered 20 success stories that our clients provided in response. Here’s what they had to say:
If you are experiencing financial difficulty and are looking for a solution, non-profit credit counseling can help you make sense of all your options. Contact us today for a free financial assessment with one of our certified credit counselors.