What is a Debt Management Plan? And how does it work? Courtesy of
Golden State Debt Management www.goldendebt.org The term “Debt Management Plan” also known
as a DMP is a program that assists in the payment of unsecure debt using the help of a credit counseling agency Some debts that are included in a DMP are Credit cards, Collections accounts, Medical bills, Personal loans, Department store cards, Repossessions Some debts such as a payday loan and secured
debts i.e. car payment and mortgage are not eligible for a DMP. Some benefits of a DMP are consolidated bills
into one monthly payment, Eliminating of late and over the limit fees, Lower interest rate,
Ongoing financial education support, Pay off debt faster. Living with high debt can be overwhelming
and stressful, but it doesn’t have to be. Take control of your debt and reach out to
one of our certified credit counselors for a free financial consultation today
We will have an expert go through your expenses, income and debts, and create a customized
plan for managing your debt If you qualify for a DMP, we will work together
with your creditors to help waive fees, reduce your interest rate, and help you achieve an
affordable, single monthly payment.
Take advantage of our free financial consultation
and get started on becoming debt free. Call us today. Golden Debt Management
800-397-1302 www.goldendebt.org.