debt management program
Looking for a way to become debt-free faster? GreenPath’s Debt Management Program combines financial literacy with real-world solutions to help you pay off credit card debt in 3 to 5 years – often with lower interest rates and one monthly payment. It’s a powerful step toward peace of mind, long-term savings, and the freedom to focus on what matters most. Enter your current credit card balance to see how much you could save.
Take the First Step, It’s Free and Confidential
Contact GreenPath to conduct a free debt counseling session to see if our debt management plan is right for you.
NOTE: this is an example. It helps you see how a debt management program 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%, the GreenPath Debt Management Plan example shown is based on getting rid of your debt within 5 years.
We use an average interest rate of 8%.
In most cases, we can work with your creditors to reduce your interest rate. Actual interest rates will vary by client and creditor.
On average, the Debt Management Program saves $199 in monthly minimum payments and $29,700 in interest charges.
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Get Started with a Free Counseling Session
Stop collection calls, create a personalized debt payoff plan, and take control of your credit card debt. As a trusted national nonprofit since 1961, GreenPath has helped millions find their fresh financial start through one-on-one guidance. Connect with a certified expert and start building the future you deserve—free from the weight of debt.
Debt Management Success Stories
Damon of Taylor, MI via ConsumerAffairs.comGreenPath took a lot of my debt, consolidated them, and helped me pay them off. They guided me through the process with no problems.”
Kadie of Brooklyn, NY via ConsumerAffairs.comThe person from GreenPath that I spoke to until the end was very nice. She was professional. She was good. At the end of the program, she appreciated me. She congratulated me.
Joseph of Bath, SC via ConsumerAffairs.comThe program at GreenPath took a lot of stress off of me at the time when something really bad came up.
Chelsey of Mckinney, TX via ConsumerAffairs.comThe reps were helpful. Got straight to the point and everything handled.
Carl of Bloomfield Hills, MI via ConsumerAffairs.comGreenPath was able to make the changes that I wanted to make. So, it was good for me.
Lindsey from Colorado Via ConsumerAffairs.com“Thank you! Felt like a human and not a number and got the help I needed to feel happy again! I was losing sleep and couldn’t find balance. Getting help made me finally feel in control and be able to enjoy my life.”
Bryon from Minnesota Via ConsumerAffairs.com“Our counselor checks in on us regularly, keeping us accountable but also motivated. The level of expertise and personalized attention has been eye-opening, to say the least.”
Spencer of Boulder, CO via ConsumerAffairs.comGreenPath saved me from years of suffering and provided an intuitive and supportive solution to get me out of overwhelming credit card debt.
How the Debt Management Program Works
The Debt Management Program (DMP) consolidates your credit card debt and other unsecured debts into one easy monthly payment. Each payday, you deposit funds into your secure GreenPath account, and we pay your creditors on your behalf.
As a trusted nonprofit credit counseling agency with strong, long-standing relationships with creditors nationwide, we’re often able to secure lower interest rates, reduce your monthly payments, and help you pay off debt faster—saving you money in the long run.
Talk to a Certified Counselor
Why Choose a Debt Management Program?
When you’re juggling multiple credit card payments, rising interest, and constant collection calls, it can feel like there’s no way out. But you don’t have to manage it alone.
If you’re ready to stop feeling stuck and start building momentum, a debt management plan could be the lifeline you’ve been looking for.
A Debt Management Program (DMP) through GreenPath offers a structured, proven way to reduce financial stress and finally move forward with confidence.
Here’s why thousands choose this nonprofit credit card repayment plan every year:
- Support: From your first call with a certified counselor to regular check-ins with your Client Success Team, you’ll always feel heard and supported.
- Clarity: One simple monthly payment replaces the chaos of managing multiple bills.
- Savings: The average DMP client saves thousands in interest charges.
- Relief: Collection calls stop once creditors agree to the plan.
- Progress: You’ll have a clear, achievable timeline – most complete the program in 3 to 5 years.
Your Debt Management Support Team
Whether you’re looking for personalized advice, need help managing your debt management plan, or just want a little encouragement, we’ve got your back. When you enroll in a Debt Management Program with GreenPath, you’ll have:
- A dedicated Client Success Team, ready to assist you with budgeting, repayment strategies, and tracking your DMP progress.
- 24/7 online access to your account through our secure debt management portal
- A private, online support community where others on a similar journey share real-life tips and motivation
Money stress is real – but so is support. Talk to a counselor today and start taking back control.
Frequently Asked Questions
A Debt Management Program (DMP) can be a smart solution for those struggling with high-interest credit card debt. It’s especially valuable if you’re:
- Making only minimum payments and not seeing progress
- Juggling multiple credit card accounts
- Facing mounting interest that makes it hard to pay off balances
With GreenPath’s DMP, many people see their interest rates reduced which may significantly lower monthly payments and help you pay off your debt faster.
GreenPath’s DMP is designed for people with unsecured debt, such as credit cards, department store cards, medical bills, or personal loans, and the program is tailored to your unique financial situation.To get started, connect with a HUD- and NFCC-certified counselor for a free, no-obligation debt counseling session. Together, you’ll review your debts, income, and expenses to determine the best path forward.
We work with most creditors throughout the US, including banks, credit unions, medical providers, and collection agencies.
Yes, they are different. Debt management programs 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. Understanding the differencesUnderstanding the differences can help you make an informed choice based on your financial goals.
Debt management involves making arrangements with creditors through a credit counseling agency, offering benefits such as a structured repayment plan which may include reduced interest rates. Unlike debt consolidation, which combines debts into a single loan, debt management focuses on creating a manageable repayment strategy tailored to your financial situation. If you’re considering consolidation, this articlethis article explains whether it’s a good idea and how it compares to debt management.
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 $31 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.
GreenPath is a neutral third-party that works in your best interest. Many creditors support our work because they believe it results in positive, long-term outcomes.
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.