Self Debt Management
Take control of your unsecured debt with our comprehensive Self Debt Management.
Simplify Your Debt Payments
Our Self Debt Management is designed to help you consolidate your unsecured debts into one affordable monthly payment, often with reduced interest rates and waived fees.
Working with our certified counselors, you'll create a personalized plan to become debt-free typically within 3-5 years, while rebuilding your credit and reducing financial stress.
Program Benefits
- One monthly payment for all your unsecured debts
- Reduced interest rates (average savings of 30-50%)
- Waived late and over-limit fees
- Creditor calls may stop
- Become debt-free in 3-5 years
- Ongoing support from certified counselors
How Our Self Debt Management Works
Meet with a certified counselor to review your financial situation, including income, expenses, and debts.
Receive a customized debt management plan with a single monthly payment amount and estimated completion time.
We work with your creditors to negotiate reduced interest rates, waived fees, and affordable payment terms.
Make one monthly payment to us, and we distribute funds to your creditors until all debts are paid in full.
What Types of Debt Can Be Included?
Eligible Debts
- Credit card debt
- Department store cards
- Unsecured personal loans
- Collection accounts
- Medical bills
- Old utility bills
Ineligible Debts
- Mortgages
- Auto loans
- Federal student loans
- Home equity loans
- Court-ordered payments
- Current utility bills
Not sure if your debts qualify? Contact us for a free consultation to discuss your specific situation.
Program Features
We negotiate with creditors to lower your interest rates, often reducing them by 30-50%. This means more of your payment goes toward reducing the principal balance.
Your personalized plan provides a clear timeline to debt freedom, typically 3-5 years. You'll know exactly when you'll be debt-free and how much you'll save.
Throughout your program, our counselors are available to provide guidance, answer questions, and help you stay on track with your financial goals.
Frequently Asked Questions
Enrolling in Self Debt Management itself is not reported to credit bureaus and doesn't directly impact your score. As you make consistent payments and reduce balances, your credit score may improve over time. However, closing credit accounts may temporarily affect your score.
As a non-profit organization, we charge a modest monthly fee to administer your Self Debt Management. This fee is typically included in your monthly payment and is often offset by the money you save through reduced interest rates and waived fees.
Yes, you can choose which accounts to include in your Self Debt Management. However, many creditors require that all accounts with their institution be included. We recommend including all eligible unsecured debts for the best results.
Most creditors will close your accounts when they're included in Self Debt Management. This is actually beneficial as it prevents accumulating more debt. We'll work with you to develop a budget that eliminates the need for credit cards.