Debt does not mean defeat.
Debt Management Program
The Debt Management Program (DMP) is a voluntary program to help clients resolve credit problems and repay debts while helping creditors receive money owed to them.
The DMP may be recommended to those who need more than counseling advice and could benefit from a structured repayment plan. The client makes one monthly deposit and FamilyMeans Financial Solutions distributes the funds to multiple creditors through the DMP.
A DMP may help:
- Reduce interest rates
- Stop late and over-limit fees
- Lower monthly payments
- Pay off debts in fewer than five years