Why should I include all of my credit card accounts on the program? Would it be okay if I just kept one account off the program?
Remember, the goal of a Debt Management Program is to help you pay down your debt in the quickest and most efficient way possible. In order for us to do that, you must include all of your unsecured accounts. This is a requirement of your creditors, who will monitor the activity on your credit report while you are on the program. If you use any credit cards or department store cards, your creditors may disqualify you from the program and you will lose the benefits they have provided to you. Not using your credit cards is also a great way to get in the habit of using cash for purchases and sticking to the budget that you have worked out with your InCharge certified credit counselor.