We are current on all of our credit cards however in looking a budget we continue to be short each month. We have come up with a pretty realistic budget for necessary items (shelter, food, utility, etc.) However we are trying to wipe out our credit cards debt and were thinking if we could get on a DMP where they might lower our monthly payments and our interest rates we could within 4 to 5 years be able to payoff all our cc debt. What can be expected in a DMP do companies work with you on lowering you interest rates or monthly payment amounts? What is the best way to go about this.
I finished a DMP program about 2 years ago. They will lower your interest payments but your monthly payment would probably go up since the longest you can be in a DMP program is 5 years. If you are interested in the company I used, send me a PM.