Read Others’ Experiences Using Non-Profit Debt Management Programs – Part 1

Are you still unsure if you should enroll in a debt management program?

Like you, I tried to find as many bloggers who were currently in debt management programs or had already been off the programs before I was convinced that a debt management plan was the right debt relief program for me.

I understand. There are simply too many cons and scams on the net which sound too good to be true that you need people who are already in debt management programs to share with you a legal, honest place for you to go.

Signing up a debt management program with a scam credit counseling company which results in more debts, damaging credit score, harassing phone calls and legal notices is the last thing you want.

Today I am sharing with you Olivia Sage, a newly-divorced woman with $15,000 credit card debt’s Experiences Using a Non-Profit Debt Management Program.

Before you hop over to read her debt management program experience, read mine too. I am a credit card debt blogger who is also in a debt management program.

Before you enroll in a DMP, call up a reputable non-profit credit counseling service agency in your country and make an appointment to meet one of the certified credit counselors.

Once you are in the agency, the credit counselor will have a thorough review of all your debts as well as your income and monthly expenses to evaluate if you need to debt repayment plan.

If it is determined that you need to enroll in a debt management program to help you get out of debt without much stress, your counselor will negotiate with your creditors for lower interest rates and lower monthly payments.

Usually your creditors will stop harassing you with phone calls and legal letters when they come to know that you are in the process of a debt management program.

The only difference between my debt management plan and Olivia’s debt management program is the fee. Olivia paid CCCS an initial fee around $50 and a $24 monthly fee for as long as she was on the program while my debt management program is free of charge.

A free debt management program can only be found in certain countries like my country – Malaysia. There is neither an enrollment fee nor a monthly fee.

Continue with Read Others’ Experiences Using Debt Management Plans – Part 2.

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