Debt Repayment
One service provided through Consumer Credit Counseling Service is the Debt Management Plan. This program is designed to assist individuals and families who are facing difficulties making regular payments to creditors; however have the capability of making some form of payment. Through this program, CCCS negotiates with creditors to develop a repayment option.
Our Debt Management Program serves the dual role of assisting you to repay your debts while helping creditors collect funds owed. Through the program creditors are often willing to stop or reduce interest and other fees to those consumers who enroll in the program. The Debt Management plan is an attractive repayment alternative to many consumers in today’s economy.
During a debt management counseling session a certified credit counselor will assist you in evaluating your financial situation. During the session a household budget will be created and assessed. Assets and debts will also be compared to help develop a better understanding of your financial picture. The counselor will then review your creditors and prepare a repayment plan. You will be provided with an action plan was well as all information discussed during the counseling session. This action plan is designed to provide you with alternatives and suggestions that could potentially improve your financial situation.
To learn more about the Debt Management Program or to schedule an appointment with a certified credit counselor contact us at 1-800-281-5969. Appointments may be scheduled in person or by phone. Online counseling is also available.
Click here to begin online counseling.
Frequently Asked Questions about a debt management plan
