A Debt Management Plan (DMP) is a structured repayment program, that helps you pay off unsecured debts, most often credit card debt in a more manageable, affordable way. Here’s how it works: One Monthly Payment Instead of juggling multiple due dates and minimum payments, you make a single monthly payment to the credit counseling agency, and they distribute the funds to your creditors. Lower Interest Rates & Fees The agency works with your creditors to reduce interest rates and may waive certain late fees or penalties, helping you pay off your balance faster. Fixed Payoff Timeline Most DMPs are designed to have you debt-free in 3–5 years, rather than decades of minimum payments. Support & Guidance You’ll work with a certified credit counselor who provides a personalized budget, repayment plan, and ongoing support to help you stick with it. For Unsecured Debts A DMP usually covers credit cards, medical bills, and some personal loans — but not mortgages, auto loans, or student loans. If you’re ready to take control of your finances and breathe again, this is your sign. Visit TakeChargeAmerica.org #DebtFreeJourney #FinancialFreedom #TakeChargeAmerica #DMPBenefits (fb)

Passing down financial skills, like budgeting, saving, and avoiding unnecessary debt, empowers your children to thrive as adults. #GenerationalWealth #SmartParenting #TakeChargeAmerica (fb)