Take a first step to becoming debt free. Receive a practical, individualized plan to help still pay off your debt and reduce stress.

If you have severe debt, you may be eligible to enroll in a Debt Management Plan (DMP). A DMP is a systematic way to pay down your outstanding debt through monthly deposits to your credit counseling agency, which will then distribute these funds to your creditors. By participating in this program, you may benefit from reduced or waived finance charges and fewer collection calls. And when you have completed your payments, they'll help you reestablish credit.

It takes approximately 36-60 months to repay debts through a DMP. Your accounts with creditors will always be credited with 100 percent of the amount you pay through an NFCC member agency. A DMP serves the dual role of helping you repay your debts while creditors receive the money owed to them.

For those with considerable debt problems, entering into our Debt Management Plan is an effective first step on the road to a financially stable, debt-free life.