Campaign: High Interest Rates
SAVE MONEY 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.
Debt Payoff Made Simple
Our Debt Management Program is designed with you in mind. One single monthly payment, a personalized action plan with your priorities in mind, free financial resources, and a dedicated client team puts you back in control. Speak with a financial expert today 877-242-7656.
One Manageable Payment
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.
Debt is personal. It’s not just about finances. It’s about overall well-being.” – John F.
Call GreenPath for Real Results
Something we hear often at GreenPath: “I wish I had called sooner.” In 2023 alone, GreenPath helped pay off more than $170 million in household debt.
54% SURVEYED
54% of surveyed clients indicated that they felt less stressed as a result of working with GreenPath. (GreenPath 2023 Post Counseling Survey)
$177 MILLION
$177,218,065 was paid through GreenPath towards debts on DMPs in 2023.
8,998 PEOPLE
8,998 people paid their debts in full with the assistance of a DMP in 2023
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.
Online Financial Courses
Financial Courses from LearningLab+
Our free, online LearningLab courses are rooted in human-centered design. Translation? We are real people on a mission to make personal money management more personal. Because your milestones matter.
Our free, online LearningLab+ courses are rooted in human-centered design. Translation? We are real people on a mission to make personal money management more personal. Because your milestones matter.
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.
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.
BUDGETING WORKSHEET
Use this budgeting worksheet to calculate your monthly expenses and income to get an idea of what you have to work with, what your commitments are, and what you have remaining to devote to your goals.
Step 1: Calculate Your Monthly Income
Figure out how much you get paid each month, after taxes are removed, and add it to the table below.
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.
Housing
Food
Transport
Health
Speak with a financial expert about setting up a spending plan. Financial counseling is free and confidential at GreenPath.
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If you are having trouble paying your bills, we encourage you to call GreenPath for a free debt counseling session.
GreenPath's experts can help you maximize your monthly surplus. Call today for a free financial counseling session.
Free Financial Resources
Carbuying Process in 7 Steps Carbuying Process in 7 Steps
Online Course: Navigating Auto Loans Online Course: Navigating Auto Loans
Online Course: Redesign Your Financial Habits Online Course: Redesign Your Financial Habits
Online Course: Aligning Priorities Online Course: Aligning Priorities
Enter your email below for more free resources and tips.
Weekly Pay Schedule
- Multiply weekly income by 52
- Then divide by 12
Bi-Weekly Pay Schedule
- Multiply bi-weekly income by 26
- Then divide by 12
Inconsistent Pay Schedule
If your pay is not on a consistent schedule (e.g., seasonal work, side income)…
- Take last year’s total income
- Then divide by 12
= average monthly income
Speak with a Counselor Today to Setup a Budget
If you’d like help setting up a budget, contact GreenPath to speak with a financial counselor. It’s free and confidential.
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.
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