Researching Debt Management Plans Oak Harbor WA

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

Kitsap Bank-Mount Baker Block Branch
360 379-0123
215 Taylor Street
Port Townsend, WA
Kitsap Bank
360 344-3424
902 Nesses Corner Road
Port Hadlock, WA
Christian Financial Counselors
(425) 452-9792
10011 NE 23rd St
Bellevue, WA
1 2 3 Credit and Debt Counseling Service
(206) 749-4011
Seattle, WA
Credit Advisors
(253) 779-0404
Tacoma, WA
America One Finance
(253) 573-1150
1944 Pacific Ave
Tacoma, WA
Breaking Free Debt Settlement Services
(360) 978-4451
205 Alpha Way
Onalaska, WA
Northwest Credit Association
(206) 913-0505
Seattle, WA
Debt Reduction Services of Washington
(509) 249-0200
407 W Chestnut Ave
Yakima, WA
Clearpoint Financial Solutions
(206) 985-3650
9709 3rd Ave NE Ste 200
Seattle, WA

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

Kitsap Bank-Mount Baker Block Branch

360 379-0123
215 Taylor Street
Port Townsend, WA
http://www.kitsapbank.com

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