With late fees and back payments, the future is looking grim. If your budget shows that you can continue to pay your living expenses but need some help paying your debts, a DMP can help. Working with a credit counselor will help you to prioritize and allocate your money to catch up on living expenses and work with your creditors to deal with your debt. Many debts can be included in a Debt Management Program, including most types of unsecured debt such as credit cards, medical bills, department store cards, lines of credit, collection accounts and taxes. Secured debts such as your house and car always stay in your budget because you need them to live.
All major creditors participate in consolidation programs.
Banks, credit unions, other lending institutions, department store cards, hospitals, collection agencies and state and federal governments are just a few examples. A Debt Management Program is designed to put you in a better financial situation. Getting out of debt by making consistent payments will get you back into a productive financial category and will improve your credit rating over time. Auriton Solutions charges only minimal fees to clients on a Debt Management Program. These fees help cover expenses undertaken on the client's behalf.