Researching Debt Management Plans Redmond 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

1st Security Bank - Redmond Branch
(425) 957-9061
14808 NE 24th St., Ste D
Redmond, WA
First Mutual Bank, A Division of Washington Federal Savings
(425) 455-7300
400 108th NE Bellevue
Seattle, WA
KeyBank
(425) 709-4511
601 108th Ave. N.E.
Bellevue, WA
Puget Sound Bank
(425) 455-2400
10500 N.E. 8th St,, Ste. 1800
Seattle, WA
Washington First International Bank
(206) 525-8118
9709 3rd Ave. NE
Seattle, WA
ClearPoint Financial Solutions
(206) 985-3650
9709 3rd Ave. N,
Seattle, WA
Clearpoint Financial Solutions
(888) 679-0022
9709 3rd Ave Ne
Seattle, WA
1st Security Bank - Canyon Park Branch
(425) 415-6139
22020 17th Ave. S.E., Ste. 100
Bothell, WA
Frontier Bank - Lake City Branch
(206) 365-6300
2825 NE 125th St
Seattle, WA
A A Action Debt Relief Services
(206) 322-0611
1123 E John St
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

1st Security Bank - Redmond Branch

(425) 957-9061
14808 NE 24th St., Ste D
Redmond, WA
http://www.1stsecurityofwa.com/

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