Researching Debt Management Plans Cincinnati OH

If you have a lot of debt and it feels like it's out of control or headed that way, you may want to consider enrolling in a debt management plan (DMP). Here are some ways to research debt management plans before signing on to one.

Local Companies

Kreller Group, Inc.
(513) 723-8900
817 Main Street
Cincinnati, OH
Consumer Credit Counseling Service of Greater Cincinnati
(513) 366-4500
9545 Kenwood Road
Cincinnati, OH
Trinity Debt Management
(614) 444-1045
Cincinnati, OH
Cinti Credit Counseling Serv Corp
(513) 541-2227
8228 Winton Rd
Cincinnati, OH
Credit Counseling Centers
(513) 451-7570
Cincinnati, OH
Credit Counseling Cntrs Inc
(513) 381-3733
644 Linn St
Cincinnati, OH
Cinti Credit Counseling Serv Corp
(513) 563-4357
4015 Executive Park Dr
Cincinnati, OH
Cinti Credit Counseling Serv
(513) 947-1234
4424 Aicholtz Rd Ste H
Cincinnati, OH
Trinity Credit Counseling Inc
(513) 769-0621
11229 Reading Rd
Cincinnati, OH
Csc Credit Services Inc
(513) 651-6344
Cincinnati, OH

 

If you have a lot of debt and it feels like it's out of control or headed that way, you may want to consider enrolling in a debt management plan (DMP). Set up by debt management professionals, a debt management plan can help you get on a reasonable bill paying schedule. A debt management plan is basically a payment schedule wherein you pay a debt management/credit counseling agency to negotiate terms of repayment with certain of your creditors (credit card companies, etc.). Sometimes, the agency can get fees waived or payments reduced for you.Each month, you deposit money with the agency and they pay your creditors. Debt management planscan help people who are drowning in monthly debt, but they aren't free, and unscrupulous companies surface all the time, taking advantage of people in financial crises. It is important to learn about debt management plans before signing on to one. Here are some ways to do so.

  1. Consult a qualified free credit counselor. A credit counseling agency - at least a reputable one - can be different than a debt management agency in that it is not concerned with helping you pay your bills as much as it is concerned with helping you learn more about obtaining financial stability. An agency providing free credit counseling will be able to provide you with background information on what DMPs do and what they don't do, and will help you decide whether a debt management plan is necessary in your case. (Just because you seek help with your debt doesn't mean you need a debt management plan.)

    Credit counselors can be found through civic groups, colleagues, family or friends, or even online, and clients should check any agency they're considering with consumer groups like the Better Business Bureau.

    ...

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Author: B. Danesco

Featured Local Company

Kreller Group, Inc.

(513) 723-8900
817 Main Street
Cincinnati, OH

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