HOW DOES THE DEBT MANAGEMENT PLAN HELP THOSE IN DEBT?
Through our plan we are able to help:
-Lower monthly payments and interest rates
-Stop creditor calls
-Eliminate late and over-the-limit fees
-Get you out of debt in less time
Using a credit counseling service should not have any negative impact to your FICO® score, according to fico.com.
WHAT TYPES OF DEBT CAN CCC’S DEBT MANAGEMENT PLAN HELP WITH?
We can help with credit cards, medical bills, collection accounts, and many unsecured loans.
ARE MOST CREDITORS WILLING TO WORK WITH CHRISTIAN CREDIT COUNSELORS?
Yes. Since most of the creditors are usually not able to make individual arrangements with each consumer, they are supportive of our efforts. Creditors recognize the need for the financial education we offer.
HOW MUCH DOES CCC CHARGE?
Education, budgeting tools and counseling are free. If you enroll in the Debt Management Plan, there is generally a one-time set-up fee and a recurring monthly fee based on the amount of debt you enroll in the plan. The recurring fee is included in your monthly payment to CCC.
WILL MY CREDIT CARDS BE CLOSED OR CANCELLED?
As part of your enrollment in the plan, your creditors will close your cards and you will be unable to use them. This practice prevents clients from accumulating additional debt while they are working to pay off their balances.
DO I HAVE TO HAVE A MINIMUM AMOUNT OF DEBT TO BE ENROLLED?
No, we do not require a minimum amount of debt for a client to be enrolled; we are here to assist you regardless of the amount.
HOW LONG WILL IT TAKE TO COMPLETE THE PLAN?
That will depend upon the number of debts you have, the amount of each debt and the payment you are able to make each month. During your free consultation, the counselor will be able to give you a specific date for when you will be debt free.
IF I’M NOT DELINQUENT, IS A PLAN STILL POSSIBLE?
Yes. A Debt Management Plan may offer you the convenience of consolidating your debts into one payment. During your consultation, your counselor will review your individual situation and assist you with making a decision about enrollment.
HOW DOES YOUR DEBT MANAGEMENT PLAN DIFFER FROM CHAPTER 13 BANKRUPTCY OR DEBT SETTLEMENT?
A Debt Management Plan is a 100% payback to all creditors. Most creditors look at a Debt Management Plan as a more positive alternative for consumers to solve their financial problems.