Consumer Credit Counseling Service of the CSRA

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Building financial stability...
one step at a time.

Debt Management Plans

CCCS’ Debt Management Plan (DMP) may be an option to help you eliminate credit card debts and other unsecured debts. If a DMP is the right solution for your financial problem, CCCS will contact your creditors on your behalf to work out a mutually agreeable plan. A DMP may help:

  • Stop collection calls
  • Lower monthly payments
  • Lower interest rates
  • Stop late fees and over-the-limit fees
  • Consolidate your payments
  • Relieve your financial stress
  • Pay off your debts in 5 years or less

In many cases, CCCS’ DMP can save a client hundreds of dollars a month in fees and interests. The following example shows how a CCCS DMP could help:

A client with 8 credit cards owes a total of $27,276…
No DMP DMP DIFFERENCE
Monthly payments Pays minimum payments,
currently at $908
$601/month
(including CCCS monthly fee)
$307
Average Interest Rate 26.25% 4.25% 22%

Assuming no additional purchases and fees are applied to these accounts…
No DMP DMP DIFFERENCE
Debt free in… 119 months 55 months 64 months
Interest paid… $39,280 $3,284 $35,996

Chart showing $39,280 interest paid without DMP, versus $3,284 with DMP.

Chart showing nearly $8,000 of debt still remaining after 9 years without DMP, versus all debt eliminated in 4 1/2 years with DMP.

*All numbers are projected. Fees apply; contact our office.

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Affiliations

  • NFCC Member
  • United Way
  • COA: Council on Accreditation
  • Department of Housing and Urban Development
  • National Homeownership Industry Standards
  • Consumer Credit Counseling Service is a BBB Accredited Business. Click for the BBB Business Review of this Credit & Debt Counseling in Macon GA