Debt Management Plans

How Debt Management Plans Work

  • You pay one single payment
  • With lower interest rates
  • Then collection calls stop

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.

We’ve 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.

Your Client Success Team

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.

See the Difference A Lower Interest Rate Could Make

Use this calculator to see your potential savings. Contact GreenPath to conduct a free debt counseling session to see if our debt management plan is right for you.

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NOTE: This is an example. It helps you see how a debt management plan might help you. IT IS NOT AN ACTUAL QUOTE.

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. If the results of the GreenPath debt management calculator example show that we might be able to save you money, chat or call us today to conduct a free debt counseling session with one of our NFCC-Certified counselors. The session is 100% confidential, no pressure and judgment-free.

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.

We work with most creditors throughout the U.S., including banks, credit unions, retailers, medical providers, auto finance and collection agencies.

Debt management fees vary based on your state of residence and debt amount. GreenPath charges a one-time set up fee that ranges from $0 to $50. We also charge a monthly fee that ranges from $0 to $75. This is minimal considering the amount of money our clients typically save in waived late fees, waived over limit fees, and reduce credit card interest charges.

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.

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 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.

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.