Q: How does the debt management program work?

• First, we’ll gather some personal and creditor information to calculate your new monthly payment.

• Next, we’ll go over your income and expenses to make sure the program is a fit for you. So, basically, we’ll complete a budget.

• Then you’ll take the first step to becoming debt free by activating your account through e-mail or fax. Keep in mind that nothing actually happens until we receive your authorization.

• Next we contact your creditors to get your benefits like lowered your monthly payments and reduced overall interest rates.

• Then instead of making individual payments to your creditors each month, we’ll group them into 1 monthly payment which is automatically deducted from your bank account on a date that we will choose together.

• Finally you’ll pay off your debts much faster than you would on your own by paying according to schedule, usually within 3-5 years.

What you need to do to be successful on the program.

Number one:
Make your payments, on time, every time. This is the most important thing for you and your creditors. The bottom line is, this is what you’ll have to do to restore your credit.

Number two:
Keep the same payment date - your creditor benefits depend on it. Once we agree that this program is right for you, we’ll choose a regular monthly payment date you can live with.

Number three:
Track your progress - Compare the statements we send you with the statements you’ll continue to receive from your creditors. Every month you’ll get a statement from us showing what we sent to your creditors. You’ll also continue to receive statements from your creditors showing what they received. This way you can match them up to make sure that everything balances out.