Campaign: Control High Interest Rates
on a Debt Management Program
GreenPath Financial Wellness is a national nonprofit that has been helping people achieve financial health for more than 60 years.
How Can a Debt Management Program Help?
There is no need to track multiple statements. You automatically deposit money into your GreenPath account, we use those funds to pay debts on your behalf.
Lower Interest Rates
High interest rates add up over time. GreenPath partners with creditors across the country to arrange lower interest rates and monthly payments that can help you save money.
Faster Debt Payoff
With lower rates and payments, you can pay down debt faster and say goodbye to stress sooner.
Real Stories, Real Results
Historical interest rates are having a profound impact on individuals across the country. At GreenPath, we believe money is deeply personal. And we are listening to you:
Belva from Texas
“Green Path has lifted such a heavy load off my shoulders and empowered me to say goodbye to crippling stress related to indebtedness.”
Jamie from Washington
“My stress changed within moments of contacting GreenPath. I am so excited to be on my way to resolving my debt and learn to be financially responsible.”
Jennifer from Massachusetts
“This process has been incredibly easy, staff have been kind and nonjudgmental, and I felt instant relief in finding a solution to getting out of debt.”
Free Financial Resources
If you’re not ready to make the call, that’s okay! Below are free financial tools to get you started on your debt free journey. GreenPath’s mission is to make financial wellness a reality for everyone.
Interactive Budgeting Worksheet
Use this budgeting worksheet to calculate your monthly income and expenses. This tool helps visualize where the bulk of your money is spent, which can help you prioritize what’s most important.
Free Debt and Credit Counseling
Our empathetic, NFCC-certified financial counselors are ready to listen, strategize, and create a customized plan to free you from high interest debt. Take the first step towards financial freedom and connect with us today.
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.
Step 1: Calculate Your Monthly Income
Step 2: Calculate Your Monthly Expenses
Record your expenses using the table below. For expenses that change from month-to-month (such as utilities), use your average spending based on past month’s bills.
Personal & Family
You have a deficit. A deficit is when your expenses is greater than your income.
Reach out to GreenPath, our caring counselors will explain your options and help you to create a plan based on your individual financial goals. It’s free, no pressure, and 100% confidential.
You have a surplus! A surplus is when your income is greater than your expenses. Use this money to save for goals and to add to your savings account! Talk to a GreenPath counselor to learn how to maximize your money.
Frequently Asked Questions
How much does it cost for a debt management plan?
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.
Call today to see if GreenPath’s Debt Management Program is a fit for you. 877-242-7656
Call today to see if GreenPath’s Debt Management Program is a fit for you. 877-337-3399
Which creditors do you work with?
We work with most creditors throughout the U.S., including banks, credit unions, retailers, medical providers, auto finance and collection agencies.
Can I still use my credit cards on a debt management program?
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.
Will a debt management plan hurt my credit score?
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.
Are debt management plans differ from debt settlement?
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.