Debt Management Plan

Ideal Client:

• Clients struggling to make the monthly payment.
• Clients with accounts with little or no available credit.
• Clients that are current or past due but accounts are being collected by the original creditor.
• Clients that are overextended.

Advantages:

• Creditors reduce or eliminate interest rates. Reduction in interest rates depend on individual creditor policies.
• One monthly payment one day of the month.
• Your program is processed by a 501(c)(3) not-for-profit debt consolidation company.
• Accounts may be eligible to be re-aged (brought current) after several consecutive monthly payments.

Disadvantages:

• Monthly payment is fixed for the duration of the program which can last up to five years.

How to Qualify:

• Provide your DMA agent with a list of creditors.
• Discuss budget planning and determine if program is affordable.
• DMA agent will provide you with the required monthly payment.
• DMA agent will send you the required paperwork.
• Fill out paperwork.
• Commit to the repayment plan. Automatic deduction will be an available payment option.