Debt Management Plan
- April 21, 2021
- By: Greenpath Financial Wellness
Debt Management Plans
Learn how to pay off your debt with GreenPath! We’ve built one of the nation’s most trusted debt management programs. We have more than 60 years of experience supporting people to eliminate debt.
If you want to get out of debt and reduce financial stress, you may find debt relief through the GreenPath Debt Management Plan. If it makes sense for your situation, we will contact your creditors to propose mutually agreeable debt repayment terms. A Debt Management Plan may:
- Stop collection calls
- Lower interest rates
- Lower monthly payments
- Waive late fees and over-limit fees
A Debt Management Plan is designed to pay off the entire amount that you owe, usually within three to five years. It can help you pay off credit card debt faster, and save money on interest charges.
The first step is a free debt counseling consultation
When you call, you’ll talk to one of our NFCC-certified credit and debt counselors. We’ll review your financial situation together, and make a personalized plan to get your finances back on track. We’ll explain the options and give you the information you need to make a choice that works for you.
Call us today to get started. It’s free, confidential, and no-pressure.
How debt management plans work
The debt management plan consolidates your debt into a single payment. Each payday, you automatically deposit money into your GreenPath account, and we use that money to pay on your behalf. We may be able to arrange lower interest rates and monthly payments with your creditors, so you can pay off debt faster and save money. Once creditors agree to the program, collection calls stop and you see your balances start to go down.
When you sign up for a debt management plan, you have an entire team of GreenPath people behind you. You’ll get information and support when you need it. We’re here for you at every step of the journey.
You can call us anytime during business hours to reach a debt counselor if you need advice, or to talk to your Client Success Team about your account. You also have instant access to account information through our online debt management portal.
You also have access to a community of others who are paying off their debt in a private online group. This positive community of support is a great place to ask questions, share tips, and get friendly moral support to make your journey easier.
We believe in our clients 1000%, and we love nothing more than seeing you succeed.
Help is here
Last year, we helped more than 65,000 households pay off over $200 million in debt. We do this by putting people — you! — at the center of our work. Our counselors receive training in compassion and empathy. It’s our job to listen without judgment, and to treat our clients with respect.