Debt Management Plan

A debt management plan (or DMP) 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.

How it Works

It begins with a credit counseling session to assess your situation and see if a debt management plan is right for you. Counselors are available 24 hours a day, 7 days a week online and over the phone. In-person credit counseling is also available by appointment in select local markets. A debt management plan may help:

  • Reduce interest rates
  • Waive late fees
  • Lower monthly payments
  • Eliminate collection calls

Read more: How a Debt Management Plan Works

To get started, fill out the online counseling form or call 886.889.9347 to speak with a certified credit counselor about the options available to you.

Is a Debt Management Plan Right for You?

  • Is an increasing percentage of your income going to pay off debts?
  • Is your savings cushion inadequate or nonexistent?
  • Are you near or at the limit on one or more of your lines of credit?
  • Can you only make the minimum payments on your revolving charge accounts?
  • Are you chronically late in paying your bills?
  • Are you paying bills with money earmarked for something else?
  • Are you borrowing money to pay for items you used to buy with cash?
  • If you lost your job, would you be in immediate financial difficulty?
  • Are you unsure about how much you owe?
  • Are you threatened with repossession of your car or facing other legal action?

If any of those sound like you, a debt management plan may be great way to relieve debt and create a healthier overall financial outlook.

Read more: Is a Debt Management Plan a Good Idea for Me?

The path to taking control of your debt and credit problems begins with a free money management counseling appointments. You have nothing to lose by filling out an online credit counseling form or visiting the local MMI branch office location most convenient for you.

Why Choose MMI?

We recognize that consumers have options. So what separates MMI?

  • Quality - MMI is a member of the National Foundation for Credit Counseling (NFCC) and the Consumer Federation of America (CFA). We are proud to be accredited by the prestigious Council on Accreditation of Services for Families and Children.
  • Knowledge - Our training department works hard to assure that our representatives are knowledgeable and cross-trained in multiple areas of financial concern. All counselors must pass a series of tests to become certified.
  • Accessibility - You can access our services online, over the phone, and in person in many markets.  Representatives are here 24 hours a day, 7 days a week to meet your needs.
  • Nonprofit - As a nonprofit counseling agency, our priority is always the success and wellbeing of the people we serve. You can always expect honest, unbiased advice and guidance.
  • History- MMI has been helping consumers find new ways to overcome financial challenges since 1958.



If you decide to start a debt management plan, there will likely be a one time set-up charge and a monthly fee for the cost of administering the plan. These fees are determined in part by your state of residence and will be calculated by your counselor during your credit counseling session. If you feel that a fee will be too much of a burden for you to pay, talk to your counselor.  If you qualify under the U.S. Department of Health and Human Services poverty guidelines, you may be eligible to a fee waiver.


Yes, all unsecured debts should be included on your debt management plan. This means that all revolving credit accounts will be closed to further use. The purpose of this debt repayment program is to help consumers get out of debt.  To do this, it’s important that no additional charges are made while are on the program. However, as with any rule, exceptions can occasionally be made. Discuss any accounts you’d like to keep open with your counselor.

Read more: Can I Use a Credit Card While on a DMP?

How Does A Debt Management Plan Reflect On My Credit Report?

The debt management plan itself is unlikely to be reflected on your credit report. Some creditors may report that an account is being paid through a managed repayment plan, though most will not. This notation should not have any impact on your score.

Read more: How Long Does a Debt Management Plan Stay on Your Credit Report?

Click here for answers to more frequently asked questions »

Getting Started

Speak To a Counselor

Begin immediately or schedule an appointment. Counseling is available 24 hours a day, 7 days a week by telephone so no matter where you live or what time of day it is, we’re here to help.


Online Counseling

Self-guided counseling is available any time.

Get Started

In-person Counseling

If you prefer to meet with a counselor face-to-face, we have branch offices across the country.

Our Locations

Additional Resources

  • MMI is proud to have achieved an A+ rating from the Better Business Bureau (BBB), a nonprofit organization focused on promoting and improving marketplace trust. The BBB investigates charges of fraud against both consumers and businesses, sets standards for truthfulness in advertising, and evaluates the trustworthiness of businesses and charities, providing a score from A+ (highest) to F (lowest).
  • MMI is rated as “Excellent” (4.8/5) by reviewers on Trustpilot, a global, online consumer review platform dedicated to openness and transparency. Since 2007, Trustpilot has received over 116 million customer reviews for nearly 500,000 different websites and businesses. See what others are saying about the work we do.
  • MMI is a member of the Consumer Federation of America (CFA), an association of nonprofit consumer organizations that was established in 1968 to advance the consumer interest through research, advocacy, and education. Today, nearly 300 of these groups participate in the federation and govern it through their representatives on the organization's Board of Directors.
  • MMI is certified by the U.S. Department of Housing and Urban Development (HUD) to provide consumer housing counseling. The mission of HUD is to create strong, sustainable, inclusive communities and quality affordable homes for all. HUD provides support services directly and through approved, local agencies like MMI.
  • MMI is proudly accredited by the Council on Accreditation (COA), an international, independent, nonprofit, human service accrediting organization. COA’s thorough, peer-reviewed accreditation process is designed to ensure that organizations like MMI are providing the highest standard of service and support for clients and employees alike.
  • MMI is a longstanding member of the National Foundation for Credit Counseling® (NFCC®), the nation’s largest nonprofit financial counseling organization. Founded in 1951, the NFCC’s mission is to promote financially responsible behavior and help member organizations like MMI deliver the highest-quality financial education and counseling services.