Most creditors provide financially distressed clients the following direct benefits through the debt management plan:

• Lower monthly payments.

• Lower interest rates.

• Suspension of late and over limit fees.

• Account re-ages after several consecutive monthly payments.

• Discontinuation of collection calls.

For consumers that are currently past due on their accounts the debt management plan will provide the immediate benefits of lower payments, late and over limit fee suspension and account re-ages. These benefits immediately provide our clients with a fresh start on paying their accounts and enable them to avoid collections, charged-off accounts and possible bankruptcy. The biggest long-term benefit of the debt management plan is the reduction in interest charges. Reduced APRs allow our clients to pay off their accounts faster while saving them possibly thousands in finance charges.

You are likely eligible for the debt management plan if you are experiencing the following financial warning signs:

• You are currently behind or have been behind on any of your payments in the recent past.

• You are only able to pay the minimum payments on your accounts each month.

• You anticipate a change in your financial situation that may make it difficult for you to make payments on your obligations in the future.

In order to determine your eligibility for debt consolidation you can fill out an online budget and application form or contact a DebtHelper.com credit counselor at (800)920-2262. A DebtHelper.com credit counselor will review your budget information with you to determine the best course of action in improving your financial situation. All counseling consultations are free and strictly confidential.

Along with our debt management plan, DebtHelper.com offers free budget analysis and credit counseling to all consumers. DebtHelper.com also provides Reverse Mortgage Counseling to seniors 62 and older, Bankruptcy Counseling, Bankruptcy Education, Homebuyer Education, Credit Education and Florida Resident Foreclosure Assistance. For community groups and businesses located in the South Florida area, Credit Card Management Services offers free, on-site personal finance and credit education seminars catered to your audience’s needs. For more information regarding credit counseling and debt management plans, please visit our Credit Education Resources page. DebtHelper.com will try to maintain this page with the most up-to-date news regarding credit and personal finance issues and the most comprehensive list of educational links. If you have further questions regarding any personal finance and credit issues do not hesitate to contact a DebtHelper.com certified credit counselor at (800) 920-2262.