A Debt Management Program is a consumer credit counseling service helping individuals consolidate unsecured debt into one easy payment so that they can get out of debt in 4 to 5 years. In addition to lowering monthly payments, many creditors will reduce or eliminate interest and stop charging late fees. Most importantly, past due accounts can be brought current in many cases.

Debt consolidation may be able to help you:
	Lower your monthly payments
	Reduce interest rates
	Waive late fees
	Reduce or Eliminate collection calls
	Avoid bankruptcy
	Have only one monthly payment
	Become debt free

What debts are included in a DEBT MANAGEMENT PROGRAM?
Unsecured debts like medical bills, credit card bills, student loans, payday loans etc, are included in a debt management plan. However, payday loans and student loans may not be covered by certain plans.

When do you need a DEBT MANAGEMENT PROGRAM?

	You have multiple bills and cannot manage them efficiently.
	You've tried out self repayment plan but it has not helped you to overcome your debt problems.
	You're in financial crisis and wish to get rid of your debts.
	You want to stop getting collection calls.
	You want to lower the interest rate on your bills.

How do you benefit from a DEBT MANAGEMENT PROGRAM?
Every person’s situation is different, but in many cases, debt management can help you:

	Lower interest rates
	Make one convenient payment per month
	Stop late fees and penalties
	Reduce or eliminate harassing creditor calls
Every person’s situation is different, but in many cases, debt management can help you:

What happens in a DEBT MANAGEMENT PROGRAM?

	Consumer Debt Solutions evaluates your current financial situation. We take into account the interest rates on your bills, total debt amount and the required minimum payment.
	Once you enroll for debt management services, a debt management agency in our network works on your behalf to negotiate with your creditors to lower the interest rates and monthly payments.
	You'll make a single monthly payment to the debt management agency. The agency then disburses the payment to your creditors. This goes on for approximately 3-4 years or until you have paid off your bills.

Does a debt management program affect your credit?

When you're in a DEBT MANAGEMENT PROGRAM, your credit report shows that you are making payments through a debt management company or credit counseling agency. However, FICO or Fair Isaac Corporation will not consider credit counseling or DEBT MANAGEMENT PROGRAM while calculating your credit score.