Before you make payments to the organization handling your debt management plan, you should check in with your creditors to ensure the proper billing cycle and payments will be enforced. It is best to choose a credit counseling organization to help with this process.
" A DMP allows you to deposit a set amount of money with a credit counseling organization each month, which is then strategically dispersed to your various creditors "
" DMPs are designed to help consumers work off their debt as quickly as possible by leaving these decisions largely to credit counseling professionals "
Before sending monthly payments to the organization handling your DMP, confirm with your creditors that they have in fact accepted the plan.
