Infographic: Uncovering the Truth about Debt Management Programs

Separating fact from fiction when it comes to consolidating through a credit counseling service.

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People often have misconceptions about what it means to consolidate credit cards and other unsecured debts using a debt management program. This infographic reveals the truth about what happens when you enroll in the program so you know what to expect.

The truth about debt management programs

 

Nothing to lose… except your debt

It’s important to note that enrolling in a debt management program is just one possible outcome of going through a free budget and evaluation with a certified credit counselor. If during your confidential consultation you and your credit counselor determine that a debt management program is the best solution to use in your unique financial situation, then you can enroll through the credit counselor to get started.

On the other hand, if you have better options to use for consolidating and eliminating your debt, then your credit counselor will let you know what those options are and where you can go to get the help you need. So the initial credit counseling session is free, confidential and the best way to get an impartial expert opinion on how you should get out of debt.

This is why credit counseling is such a great first step in your journey towards freedom from debt. You can consult with an experienced and certified credit and debt professional who knows what options are available and when they’re right to use. Since there is no fee for a credit counseling session, you can get the advice you need without incurring another bill that would add more stress to your budget.

With that in mind, if you’re carrying credit card balances over from month to month and high interest charges are making it difficult to eliminate, we can help. Call Consolidated Credit today at or complete an online application to request your own confidential debt and budget evaluation with a certified credit counselor at no charge.  You can also find more information about how debt management programs work and how they impact your credit in our helpful FAQ section.

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"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Consolidated Credit Consulting Services, Inc. has been verified as the owner or operator of the Web site located at www.consolidatedcredit.org. Official records confirm Consolidated Credit Consulting Services, Inc. as a valid business. Call us today and see what we can do for you.

Consolidated Credit is a Certified ISO 9001 company, as verified through Bureau Veritas Certification.

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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With this amount of debt, you'd pay around $xx.xx on a DMP.

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