Which Accounts Can I Include In A Debt Management Program?

You can add credit cards, store cards, medical debt, past due utilities, unsecured loans and collection accounts to our Debt Management Program.

You can also keep one credit card off of your program, to keep in case of emergencies.

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, we recommend that you 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.

There is no limit to the amount of unsecured (credit card) accounts that may be placed on the InCharge Debt Management program. Creditors are very willing to extend benefits when they know a consumer is earnestly trying to repay their debt. Placing all credit cards on the program demonstrates an earnest commitment to repaying one’s debts. If a consumer only places a few cards on the program, then debt management is not complete. Our experience also tells us that successful graduates of our program include all of their debts.┬áIt is a great way to eliminate any temptation to use credit cards instead of cash and get in the habit of sticking to a realistic budget.