Are you heavily in debt? I mean do you owe $30,000, $50,000 or even more – $100,000? If so, consolidating your credit card debt could be a good solution–depending on the option you choose. Debt consolidation loan The first way that you can consolidate credit card debt is through a debt consolidation loan. But one […]
Tips for Successful Debt Management
Debt management plans (DMPs) can help reduce your monthly payments, reduce or eliminate late fees, lower interest, and improve your credit, but it’s not a hands-off process. When signing on to a DMP it’s important to stay actively involved in the process from start to finish to achieve the most successful results. Below is a […]
5 Principles of Debt Management Programs
Ever since the National Foundation for Credit Counseling was established in 1951, there have been excellent resources available for consumers who desire to pay off debts and restore credit. Debt management programs (DMP’s) offer relief to those whose monthly payments are overwhelming, confusing, and delinquent, who are willing to make the necessary changes in spending, […]
Avoid the Pitfalls of DIY Debt Management Plans
Do It Yourself Debt Management Plans – Good or Bad Idea? Although consumers have many options for resolving past due debt, one solution, the debt management plan (DMP), is often preferred even though it is typically the most costly option for consumers. The reason: it is well-marketed by “non-profit” credit counseling agencies that receive much […]
How Debt Management Plans Work
How Do Credit Card Debt Management Plans (DMPs) Work Debt management plans work effectively to help get you out of debt faster. When you are looking for credit relief, you often need a helping hand. Otherwise you could be taking years to pay off your debt because of high interest rates and various penalties. By […]