Be Debt Free
DIAL DOWN YOUR DEBT WITH A DMP
Overwhelmed with nonstop collection calls? You’re not alone. Silence your phone and step into a fresh financial start with GreenPath’s Debt Management Program.
A Path Toward Peace of Mind
GreenPath is a trusted, national nonprofit that’s empowered people to lead healthier lives since 1961. In 2023 alone, we helped households across America repay more than $177 million in debt through our Debt Management Program. Here’s how it works:
Simplified Payment
Automatically deposit funds into your GreenPath account, and we use those funds to pay debts on your behalf.
Lower Interest
GreenPath partners with creditors across the country to arrange lower interest rates and monthly payments that save you money.
An End to Calls
Once creditors agree to the program, collection calls stop, and your balances drop.
Real Relief
We could tell you that GreenPath’s Debt Management Program changes lives every day. But some words are more powerful than our own.
Bryon, MN
“I wasn’t expecting miracles, but wow, did they deliver! They didn’t just throw generic advice at me; they tailored a plan that fit my unique situation. In a world that’s all about the hustle, it’s refreshing to find a service that’s truly got your back.”
Paul, MI
“[My counselor] went step by step in explaining my options and set up a payment plan that fits my budget…I got off the phone with a sigh of relief.”
Michael, FL
“Thank you so much for all the time on the phone. Someone listening and actually being sympathetic meant the world to me.”
Maureen, IL
“I feel hopeful for the first time in a long time. I felt like everything was caving in before I spoke with the counselor.”
Kristina, MI
“I felt like I was climbing a never-ending hill without making progress. I was embarrassed to call because I was worried I would feel judged. [My counselor] made me feel super comfortable. For the first time, I feel confident about my financial future.”
People Paid Their Debts in Full with the Assistance of a DMP in 2023
Real Support
GreenPath counselors are certified by the National Foundation for Credit Counseling (NFCC). Whether you want to build a budget, prepare for home purchase, or strategize savings, they’re ready to create a personalized plan that puts you front and center.
Free Debt and Credit Counseling
We understand that life is costly. Debt counseling shouldn’t be. Our caring community of NFCC-certified counselors are ready to address your specific concerns and goals. The call is free, secure, and confidential.
- Monday-Thursday 8:00 am – 10:00 pm Eastern
- Friday 8:00 am – 8:00 pm Eastern
- Saturday 9:00 am – 6:00 pm Eastern
NOTE: This is an example. It helps you see how a debt management plan might help you. IT IS NOT AN ACTUAL QUOTE.
How Your Debt Is Calculated
- The pay “on your own” example assumes you make only the minimum payment.
- We use an interest rate of 24 percent. The GreenPath debt management plan example shown is based on getting rid of your debt within five years.
- We use an average interest rate of 8 percent .
In most cases, we can work with your creditors to reduce your interest rate. Actual interest rates will vary by client and creditor.
Frequently Asked Questions
Debt Management Program set up fees and monthly fees vary based on your state of residence and debt amount. On average, GreenPath clients are charged a one-time enrollment fee of $35 and a $28 monthly fee. This is minimal considering the amount of money our clients typically save in waived late fees, waived over limit fees, and reduced credit card interest charges.
We work with most creditors throughout the U.S., including banks, credit unions, retailers, medical providers, auto finance and collection agencies.
Since the goal of a debt management program is to pay off debt, the credit cards enroll in the program will be closed. Most creditors will usually allow you to continue using one card for emergencies and travel.
GreenPath does not contact the credit bureaus when you enroll in a debt management program. However, because you will be closing lines of credit during the enrollment process, your score may dip. But over time, most people see their scores increase, because they are making payments in-full and on-time each month.
Yes, they are different. Debt management plans are designed to pay off the entire amount you owe in 3 to 5 years. If we can lower your interest rates, the total amount you pay to your credit card company is typically less than if you paid on your own. Debt settlement typically involves requesting credit card companies to forgive a portion of your debt in exchange for a lump sum payment.
Counseling Hours
Contact GreenPath to conduct a free debt counseling session to see if our debt management program is right for you.
- Monday-Thursday 8:00 am – 10:00 pm Eastern
- Friday 8:00 am – 8:00 pm Eastern
- Saturday 9:00 am – 6:00 pm Eastern