With InCharge's Debt Management Program (DMP), all your credit card payments are consolidated into one manageable monthly amount, without any of the disadvantages of a debt consolidation loan. InCharge will be your partner, not another creditor. We work with your creditors to lower interest rates, eliminate late fees, and deliver a plan that pays off your credit card debts in much less time. With a Debt Management Program in place, you only make one monthly payment, giving you peace of mind and the knowledge you're saving thousands and will be debt free in 3 to 5 years.
Do I Need To Enroll In A Debt Management Program?
That's why we'll start with a basic Budget & Credit Counseling session to see what options are best for you. InCharge has delivered personal finance solutions since 1997 to over 1 million people like you who were overwhelmed by financial troubles and needed debt relief. Our professional team of Certified Financial Counselors offer individual advice and coaching. They'll listen to you, develop a current financial "snapshot" and then offer a customized solution for debt relief that may be a Debt Management Plan (DMP). You'll also get expert help on making and balancing budgets, managing your money, using credit wisely, and building a savings plan. Each year, InCharge provides more than 70,000 free budget and credit counseling sessions.
Why Work with InCharge Debt Solutions?
InCharge is a trusted 501(c)(3) nonprofit credit counseling organization that has helped over a million people like you repay a staggering $2.8 billion in debt. With an A+ rating from the Better Business Bureau, InCharge is a member of the National Foundation for Credit Counseling (NFCC) and is accredited by the prestigious Council on Accreditation (CoA). When your financial future is a stake, you want to partner with a trusted nonprofit leader who provides sound, legitimate and proven solutions for getting out of debt.
What Happens During A Debt Management Counseling Session?
You can call to speak with a credit counselor or find a Debt Management Program solution online. If you choose to learn about a Debt Management Program by telephone, you'll speak with a caring, expert Certified Financial Counselor. Your debt information will be accessed (using a "soft pull" that doesn't affect your credit score) from the credit bureau to ensure that you're working with current, accurate information. The Credit Counselor analyzes your income, assets and debts, then calculates the monthly payment and length of time required to pay off your credit card debts. Upon your approval, your debt management plan will activate and you'll be on a path to debt-free living.
Tell Me More About Debt Counseling and DMPs
If you're in debt, chances are you've already looked into ways to pay off your debts. You may have heard about "debt counseling" or "DMP" or "Debt Management Program" or "debt consolidation" and wondered what's right for you. InCharge Debt Solutions starts by offering you a free budget and credit counseling session to determine just what solution is best given your current financial situation.
A Debt Management Program (DMPs) is one option that helps by consolidating your debt (without taking out another loan). If a Debt Management Plan is right for you, InCharge negotiates with your creditors to obtain lower payments (with reduced interest rates and/or late and over-limit fees waived). A monthly payment is established that fits your budget, and you make the payment to InCharge. We disburse individual payments to all your creditors. By setting a debt payment schedule at the beginning, so you'll know exactly how long it will take to be debt-free. Benefits of a DMP are:
- Reduced monthly payments and interest rates
- Waived late and over-the-limit fees
- Reduced collection calls and letters
- The convenience of one monthly payment
- Re-aging your account to bring it current
What You'll Learn Will Be the Foundation for Financial Success
An important part of participating in a Debt Management Program is learning. InCharge will provide you with valuable, ongoing personal finance education throughout the length of your DMP. Through one-on-one counseling over the phone and educational newsletters and programs, you'll gain the personal finance knowledge and tools you need to keep from falling back into the debt trap.
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