Debt Management Program
The Consumer Debt Management Program affiliated with Greenpath Financial Wellness helps you pay off credit card debt within 3 to 5 years—often with lower interest rates and a single monthly payment. On average, the Debt Management Program saves $29,700 in interest charges. Enter your credit card balance to see how much you could save with a DMP.
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Please contact ConsumerPR for a complimentary debt counseling session to determine if our debt management plan is suitable for you.
NOTE: This is an example. It helps you understand how a debt management program might assist you. IT'S NOT A REAL APPOINTMENT.
How Your Debt Is Calculated
The "on your own" payment example assumes that you make only the minimum payment.
We use an interest rate of 24%. The example of the ConsumerPR Debt Management Plan shown is based on eliminating your debt within 5 years.
We use an average interest rate of 8%.
In most cases, we can discuss with your creditors to lower your interest rate. Actual interest rates will vary depending on the customer and creditor.
How does the Debt Management Program work?
The Debt Management Program (DMP) consolidates your credit card and other unsecured debts into one monthly payment. Each month, you deposit funds into your secure CONSUMER account affiliated with GreenPath Financial Wellness, and we pay your creditors on your behalf.
As a trusted nonprofit credit counseling agency with strong, long-standing relationships with creditors across the country, we can often negotiate lower interest rates, reduce your monthly payments, and help you pay off your debts faster, saving you money in the long run.
Hable con un asesor certificado.
The interest rate drops to 6.6%
Reduced monthly payments of $199
Debt-free within three to five years
*These are average results for Consumer customers in a Debt Management Program. Each person's situation is unique, so please connect with us to explore what is possible for you.
A trusted nonprofit organization
CONSUMER in partnership with GreenPath Financial Wellness is a private, non-profit organization dedicated to providing consumers with the highest quality financial education and counseling services.
Our Debt Management Program has helped thousands of people pay off their debts. Discover how it can benefit you.
Frequently Asked Questions
CONSUMER's DMP, in partnership with GreenPath Financial Wellness, is designed for people with unsecured debt, such as credit cards, department store cards, medical bills, or personal loans, and the program is tailored to their unique financial situation.
To get started, connect with a HUD and NFCC certified counselor for a free, no-obligation debt counseling session. Together, you will review your debts, income, and expenses to determine the best path forward.
CONSUMER's DMP, in partnership with GreenPath Financial Wellness, is designed for people with unsecured debt, such as credit cards, department store cards, medical bills, or personal loans, and the program is tailored to their unique financial situation.
To get started, connect with a HUD and NFCC certified counselor for a free, no-obligation debt counseling session. Together, you will review your debts, income, and expenses to determine the best path forward.
Debt management program activation fees and monthly fees vary depending on the state or territory where you reside and the amount of your debt. On average, Consumer customers, in partnership with GreenPath Financial Wellness, are charged a one-time registration fee of $35, and a monthly fee of $31. This is minimal considering the amount of money our customers typically save in forgiven late fees, overdraft fees, and lower credit card interests charges.
CONSUMER in partnership with GreenPath Financial Wellness does not contact the credit bureaus when you enroll in a debt management program. However, because you will be closing lines of credit during the registration process, your score may decrease. However, over time, most people notice their scores increase because they consistently make payments on time each month.
CONSUMER in partnership with GreenPath Financial Wellness is a neutral third party working for your benefit. Many creditors support our work because they know it yields positive results in the long run.
The documents required for the guidance session are the following:
- Evidence of your income: paycheck stubs or bank statement
- Most recent credit card statements or a list with the names of your creditors, the balance, and the monthly payment
- Records of your personal loans, mortgage, and/or car
- Receipts for your monthly expenses: water, electricity, telephone, cell phone, etc.
Un Análisis Financiero Completo
The Debt Management Program (DMP) emerges as a genuine alternative to avoid the possibility of having to file for bankruptcy. As part of the counseling received by the consumer, a complete Financial Analysis is performed in order to determine the client's actual financial condition. This includes an analysis of income vs. monthly expenses, an updated financial profile, and a tight budget.
- Eliminate or reduce late fees
- Lower your monthly payments
- Eliminate collection calls from your creditors
If you would like one of our advisors to call you back, please fill out the contact form.