Debt Management Program

What is a Debt Management Program (DMP)?

After your initial counseling session, you may decide that a DMP is right for you. This program is designed to help people pay off significant debt. DMPs are widely endorsed by major creditors across the country. When clients enroll in DMP programs, some creditors may:

  • Bring accounts current
  • Lower interest rates
  • Forgive late or over limit fees

 

How does a DMP work?

When you sign up for a DMP, Consumer Credit Counseling Service (CCCS) will act on your behalf with your creditors, working with them to establish a reasonable and mutually acceptable repayment plan. Once your DMP has started, you will be able to make one convenient monthly deposit to us, which we then send to your creditors.

The average DMP client is able to pay off all debts in 48 months.

 
 

could a dmp work for you?

If you have credit card, medical bills or other unsecured debt that is hard to manage, a DMP may be the best way to get your finances under control. A CCCS counselor can help you decide.

 

Money Style®

As a DMP client, you will also have access to Money Style®. Money Style® is an online, personal money management program offered by CCCS that will help you learn smart ways to manage your finances today and into the future.

The Money Style® website contains downloadable, money management tools and on-demand financial information, a virtual newsletter, financial calculators, and links to recommended resources. Money Style® also features our own interactive financial education program, which teaches basic money and credit management skills.

 
 

Guide to Financial Health Kit

When you enroll in a DMP, you will receive a free copy of our Guide to Financial Health Kit. It contains helpful information on a variety of financial topics that will help you better understand your finances. You can use it as a resource when and how you wish. The kit provides you with a hands-on learning experience that includes:

  • Simple Steps to Save Money Brochure
  • Fritter Finder Worksheets
  • 16 Rules about Choosing What Debt to Pay First
  • Building a Better Credit Report Booklet
  • Membership to Money Style®

 

Fees

$25 one-time set up fee + $25 monthly fee for administration costs. CCCS doesn’t deny service if you are unable to pay. In cases of financial hardship, fees may be reduced or eliminated.

 

Payment Methods

For your convenience CCCS offers BillPayer 2000, our preferred payment method. It’s an easy payment process that can help you avoid missed or late payments and prevent additional creditor fees while building a good payment history through the program. We also accept money orders, cashier’s checks and payroll deduction. Remember to include your client id number on money orders or cashier’s checks. CCCS does not accept personal checks, online checks or cash.