Is a Debt Management Plan suitable for me? A Debt Management plan is a debt solution for anyone who has unsecured debts that they can't afford to repay. A DMP requires you to have a surplus income each month (money left over after you have paid all of your living costs and household bills from your income) and owe money to more than one creditor.



What is a Debt Management Plan (DMP)? A program designed to assist consumers in paying outstanding debt, avoiding bankruptcy and minimizing legal and debt problemsCCCS works with thousands of creditors nationwide. We have established relationships with all the major credit card companies, most chain store credit departments and finance companies.

Do you offer solutions other than a Debt Management Plan? Absolutely! In fact, less than one in ten clients that we see use a Debt Management Plan. It is great tool if it is the appropriate tool. What we try to do is give people options, examine each option, and help lead them to their best decision - many times, the best decision, it is not a Debt Management Plan.Of course! Graduates of our program buy houses and cars everyday, not to mention being approved for credit cards. The creditors believe in our financial education, and support your efforts to honor your commitments to them.

What are the benefits of the debt management plan? Most creditors provide financially distressed clients the following direct benefits through the debt management plan: For consumers that are currently past due on their accounts the debt management plan will provide the immediate benefits of lower payments, late and over limit fee suspension and account re-ages. These benefits immediately provide our clients with a fresh start on paying their accounts and enable them to avoid collections, charged-off accounts and possible bankruptcy.Some lenders may view a credit counseling notation negatively. Fair Isaac is the company that invented the FICO credit risk score that lenders use. They have stated that in calculating your FICO credit score, they do not consider "whether or not you are participating in a credit counseling of any kind".

Do you have other plans other than the Debt Management Plan? We provide educational classes for our clients and the community on topics dealing with budgeting, money, management, first time homebuyers, credit reports and much more. Click here to obtain a seminar schedule or look for the schedule in your quarterly newsletter.CCCS works with thousands of creditors nationwide. We have established relationships with all the major credit card companies, most chain store credit departments and finance companies.

How long will my accounts take to pay off on the debt management plan? The debt management plan is designed so that consumers can pay off their accounts within a 3 to 5 year period. Some clients begin the debt management plan during a time of severe distress due to an unforeseen hardship and therefore are only able to make minimum payments to start. As they begin to regain financial stability, however, many clients are able to send more than the minimum payments and therefore complete their debt management plans earlier than forecasted.Absolutely! In fact, less than one in ten clients that we see use a Debt Management Plan. It is great tool if it is the appropriate tool. What we try to do is give people options, examine each option, and help lead them to their best decision - many times, the best decision, it is not a Debt Management Plan.