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That's what credit card debt feels like sometimes. It may have seemed manageable once, but now it just feels like you're sinking further and further down, and you're struggling to see the light of day.
You want to repay the debt. You want to stop worrying and start making real progress. You just can't seem to get past the high interest charges and fees, no matter how hard you try.
You're ready to get out of debt - and we can help make that happen.
The key to finally repaying your credit card debt is this: it needs to fit your budget and your life. When debt starts to balloon, things get out of balance and you find yourself forced to make difficult choices. "Do I fix my car, or do I pay my credit card bill?" "Do I pay my electric bill or make more than the minimum payment on my credit card bill?"
When the choice is between life and debt, debt comes in second every time. As it should! But then how do you ever get your arms around all the debt?
The debt management plan (or DMP) from MMI was created as an acknowledgement that good people sometimes experience hard times and the answer isn’t to make things even harder. Instead, wouldn’t it be in everyone’s best interests to make things a little easier? That’s what a DMP does – it makes repaying your debt easier. How?
A DMP helps make debt repayment simple and affordable for anyone feeling overwhelmed with credit card debt.
If you're ready to start making real progress on your credit card debt, give us a call or complete a free online counseling session to see if a DMP is a good fit for you.
Skeptical? That’s only natural. This is your money we’re talking about. It’s normal to be apprehensive and have some concerns. We promise to always be transparent and upfront about what’s happening and what it means.
You may see a dip in your score immediately after beginning your DMP, with a dramatic improvement once your debt is repaid in full.
All of our counseling sessions are completely confidential. We will only contact your creditors if you decide to begin a DMP, in order to set up your repayment plan.
Yes. Most DMPs include an initial set-up fee, as well as a monthly fee, the amount of which is based on the size of your debt payments and your state of residence. However, you may be eligible for reduced or waived fees. Ask your counselor for more details.
You can still benefit from a debt management plan even if you've become delinquent on your credit card accounts. Depending on the creditor and the severity of the delinquency, your accounts may even be considered current after a certain number of DMP payments.
A debt management plan is not a loan. You simply make a single payment each month which is dispersed to all your creditors. You will continue to receive monthly statements from each of your creditors.
You’re faced with a lot of options when it comes to repaying credit card debt. Taking action and putting your faith in someone else to help you deal with something as personal as unmanageable debt is no small thing. So why go with MMI?
The National Council of Higher Education Resources (NCHER) is the nation’s oldest and largest higher education finance trade association. NCHER’s membership includes state, nonprofit, and for-profit higher education service organizations, including lenders, servicers, guaranty agencies, collection agencies, financial literacy providers, and schools, interested and involved in increasing college access and success. It assists its members in shaping policies governing federal and private student loan and state grant programs on behalf of students, parents, borrowers, and families.
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The mission of the U.S. Department of Housing and Urban Development (HUD) is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD works to strengthen the housing market in order to bolster the economy and protect consumers; meet the need for quality affordable rental homes; utilize housing as a platform for improving quality of life; and build inclusive and sustainable communities free from discrimination.
The Council on Accreditation (COA) is an international, independent, nonprofit, human service accrediting organization. Their mission is to partner with human service organizations worldwide to improve service delivery outcomes by developing, applying, and promoting accreditation standards.
The National Foundation for Credit Counseling® (NFCC®), founded in 1951, is the nation’s largest and longest-serving nonprofit financial counseling organization. The NFCC’s mission is to promote the national agenda for financially responsible behavior, and build capacity for its members to deliver the highest-quality financial education and counseling services.