Debt Management vs. Debt Settlement: What’s the Difference and Why’s it Important?

Financial institution employees have a unique opportunity when those you serve feel overwhelmed by debt and unsure where to turn. This webinar provides a clear, practical overview of two debt repayment options: Debt Management and Debt Settlement, to help you provide informed guidance to those you serve.

We will also highlight how GreenPath’s Debt Management Programs and debt settlement are often misunderstood as the same thing, yet they are fundamentally different approaches with very different outcomes for consumers. Learn how each option works and why the distinction matters when supporting people struggling with unsecured debt. Attendees will also hear from a Credit Union Loss Mitigation Manager and GreenPath Financial Wellness Expert, who will share real-world insights from working with individuals who worked to repay their debt with these options. 

What You Will Learn

• What debt settlement is and what draws people into it  
• How debt settlement differs from Debt Management Programs, including impacts on credit, costs, timelines, and how debt is ultimately handled
• Resources and tools to help spread awareness to those you serve

Who Should Attend?

• Lending, Collections, and Marketing staff  
• Branch Leaders and Front-line Staff 
• Anyone who is interested in learning about debt repayment options and the impact on your financial institution and those you serve