The Truth about Debt Management Programs

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

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.

Graphic displaying 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.

Use this infographic

<a href="https://www.consolidatedcredit.org/infographics/truth-debt-management-programs/" target="_blank"><img src="https://www.consolidatedcredit.org/wp-content/uploads/2017/04/factfictionig.jpg" alt="Graphic displaying the truth about debt management programs" class="img-responsive" /></a>