Pay Off Credit Card Debt Without Stress With A Debt Free Management Program
My new year resolution made on the 1st of January 2008 was to pay off my credit card as soon as possible. At that time, my credit card debt had dropped to $14,911 and I had never thought of any debt free management program.
In July, my credit card debt dropped to $12,916. I was so happy that I hit $12,916. Unfortunately, my happiness was short lived. My online income started to drop because of frequent travels to the city to visit my uncle who was diagnosed with terminal stomach cancer. Hubby was there giving him foot reflexology treatments while I tagged along to give my uncle some support.
In August, I decided to apply for a debt management program (DMP) at my place after checking out the information at the debt management agency website.
This credit management agency is available at my place and provides the debt management program for free. There are some charges imposed by the credit card issuers, not the credit management agency.
I submitted my debt free management program application in August after having a few appointments with my credit counseling management counselor. The debt counselor did the negotiations with my creditors to lower the monthly payments and reduce the interest charges. In the end, the credit counselor worked out a debt repayment plan that I could afford.
My debt free management program application was officially approved a few days ago and I am now under the free debt repayment plan.
Under this debt management program, I only need to make ONE monthly payment to ONE credit agency on ONE date.
Once I make the monthly payment to the free debt management program agency, the deposit is then disbursed to my creditors individually.
Being enrolled in the debt management program (DMP) also means that my creditors must stop late payment fees from accruing to my credit card debt. To be honest, late payment fees used to be one of the culprits that slowed down my efforts in paying down my credit card debt.
If you are like me burdened with unmanageable credit card debt, haunted by phone calls and warning letters from banks and creditors, and faced with decreasing income, maybe it’s time for you to consider if you need to seek help from a debt free management program to pay off your credit card debt without stress.
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