Posted on
June 15, 2009
at
2:59 am
Debt Management Plan ??How long will I have to pay a Debt Management Plan before I am debt free?Please share your opinion here...
Posted on
June 15, 2009
at
5:24 am
It typically takes three to six years before a Debt Management Plan pays off your loans, as opposed to an estimated 20-25 years of taking care of the debt. This is because a DMP may lower your interest rate. It may also stop adding charges on top of your balance.
Posted on
June 15, 2009
at
10:18 am
how do i know if a debt management plan is best for me, and not other alternatives???thanks
Posted on
June 15, 2009
at
10:52 am
Credit counseling agencies offer debt management plans to consumers who are presently going thru financial hardship. Take note that these companies--well, the legitimate ones, at that--never hastily offer a DMP to a consumer who has just applied for their services. The process first works this way: the consumer meets with his or her credit counselor for a financial counseling session. They meet a few more times, and gradually they discuss the client's specific financial situation, how they first started out on having debt, etc. Based on their personal discussions and the individual's progress, the credit counselor will gauge if the client is eligible to be enrolled in a DMP, or if he can actually go at it alone.That's how it works, basically.
Posted on
June 16, 2009
at
4:24 pm
Which is better- debt management or debt settlement?
Posted on
June 18, 2009
at
8:55 am
That really depends on what your situation is. Are you current on your monthly payments or have you fallen behind? How much is it that you owe right now?
Posted on
June 29, 2009
at
1:01 am
Hello,Thanks to All Share your Opinion here ....
Posted on
July 1, 2009
at
8:14 am
Debt settlement is usually better for people who owe a lot and are overextended or behind on their payments. A debt management plan is usually more suitable for people with lower debt amounts and who are current on their payments, but have high interest rates that they would like to get reduced so they can pay off the debt faster.
