A Debt Management Plan is one way MMI can help you resolve your credit problems and repay your debt. A Debt Management Plan is recommended for those individuals who need more than advice and could benefit from a structured repayment plan. Through a Debt Management Plan, you are able to make one convenient monthly deposit to MMI which is then disbursed to each of your creditors.
If you choose to establish a Debt Management Plan, our certified counselors will assess your financial situation, create a spending plan, and negotiate the terms of your debts (i.e. interest rates, monthly payments) with your creditors.
A Debt Management Plan may help:
- Reduce interest rates
- Waive late fees
- Lower monthly payments
- Eliminate collection calls
Counselors are available 24 hours a day, 7 days a week by telephone and Internet. In-person credit counseling is also available by appointment in the local markets in which we operate.