A DMP sets up a payment schedule for you to repay your debts. By voluntary agreement you deposit funds with your credit counseling agency each month. They send those funds directly to your creditors. If collectors call, you can ask them to contact the agency you are working with.
You may also receive a reduction or waiver in finance and/or other charges. When you have completed your payments the agency will assist you in reestablishing credit.
- Helping you repay your debt.
- Helping creditors to receive the money owed to them.