The Debt Management Plan (DMP) Process

First, we contact your creditors, provide them with your written authority to represent you, and notify them of your participation in our debt settlement program. They will then be instructed to contact our company regarding debt settlement offers on your account.

Next, settlements are negotiated and agreed upon with your creditors on your behalf. Although debt settlement can be as low as 15%, the overall national average is approximately 40% of the original credit card or unsecured debt amount.

Then you will be asked to make affordable, monthly deposits into your own bank account, to save the money to pay the settlements, and our fee. Settlements are typically paid out in a one lump sum payment once the total settlement amount has been accumulated.

Our very affordable fee is deducted from your bank account electronically. The savings portion stays in your account until the settlements are ready to be paid. How long it takes to accumulate the funds for the pay-off depends primarily upon how much debt you have, and for what percentage your creditors are willing to settle. (Call us now and we can approximate that for you in our initial conversation.)

This program works very well, and is the most effective way to reduce credit card debt (and other unsecured debt) without bankruptcy or debt consolidation loans.

Why are creditors and banks willing to settle debts using a Debt Management Plan (DMP) or Debt Settlement Process?

Banks, collection services, and other creditors, have special personnel with the authority to negotiate, and reduce the balances on accounts that are delinquent. Their job is to negotiate settlements on accounts, and to collect at least the amount they would receive if they sold the debt to a collection company. Long term collection can be extremely costly and time consuming.

In our relationships with creditors, they realize that we are working as diligently as they are to negotiate a debt settlement and remove it from their books. 

Our program is guaranteed in writing to work or your fees will be returned!

Take the next step and give us a call or fill out the online form!

Give us a call and our Credit Counseling Agency for Debt Consolidation, Debt Relief, Credit Consolidation and Debt Management will be glad to help you.

Important Notes:

1. These benefits vary widely from one creditor to another.
2. Sometimes Creditors will not settle with you at all.
3. Unsecured Debts are any kind of debts or bills that are not secured by your assets. This may include Credit Cards (VISA, MASTER CARD, AMERICAN EXPRESS, DISCOVER, etc.), Personal Loans, credit with department stores, home improvement store credit cards, or other retail outlets that provide Credit or Financing, your outstanding electric bills, cellular phone bills and other utility bills.
4. Car or home Loans, Secured Debts, are not Unsecured Debts as your creditor or financial institution uses them as Collateral.