Consolidate Your Debt Without a Loan

     If you find yourself in a financial crisis or are trying to prevent one from happening, there is a way out. Our  Debt Management Program (DMP) will help you regain control of your financial situation and get out of debt.

     The purpose of our Debt Management Program is to get you back on track financially through regular payments and satisfy your creditors so they will stop contacting you. This section can help you decide if a DMP might be the right choice for you.  

How the Debt Management Program Works

     Let's say you are falling behind on all of your bills. You have no idea how you are going to handle your living expenses and debts, and you're afraid you will lose everything. Each paycheck is going to play catch up with your creditors. With late fees and back payments, the future is looking grim.

     After you have done a budget, you'll know your bottom line (the difference between your income and expenses). If your budget shows that you can continue to pay your living expenses but need some help paying your debts, Financial Help Services can help.

     Our specialist will help you to prioritize and allocate your money to catch up on living expenses and work with your creditors to deal with your debt. The Debt Management Program can help you:

What Kinds of Debts Qualify for a DMP?

     Many debts can be included in a Debt Management Program, including most types of unsecured debt such as credit cards, medical bills, department store cards, lines of credit, collection accounts and taxes. Secured debts such as your house and car always stay in your budget because you need them to live.

Who Participates?

     All major creditors participate in consolidation programs. Banks, credit unions, other lending institutions, department store cards, hospitals, collection agencies and state and federal governments are just a few examples.

How Do DMPs Affect Your Credit Rating?