National, regional, and local creditors receive your plan and, after approval, work with you through your CCCS team. You decide what steps you will take each step of the way. Many creditors do agree to make interest concessions while individuals are enrolled in a Debt Management Plan. This reduction is usually greater than they will offer you directly. These reductions in interest charges, fees, or penalties are because of their support for CCCS clients who are in trouble and have decided to do something serious about correcting the problem.
Creditors do, however, reserve the right to grant, amend, or revoke any concessions.
We are a confidential service. We do not report enrollment to credit reporting bureaus or anyone else. We notify creditors on your behalf to get plan approval only if you wish to start a Debt Management Plan. You may seek confidential counseling to weigh your options for as many times as you need. Our services are confidential.