cancel
Showing results for 
Search instead for 
Did you mean: 

Help with Credit Card Debt

New Member

Help with Credit Card Debt

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.
Message 1 of 3
2 REPLIES
Moderator Emeritus

Re: Help with Credit Card Debt

FTC webpage: Knee Deep in Debt
-----------------------------------------------------------------------------------------------------
Free Annual Reports, Freq. Requested Threads, 5 Things We Don't Talk About, Common Abbreviations, Where do I start?, State Resources
Message 2 of 3
Super Contributor

Re: Help with Credit Card Debt

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.
10/17/2017 FICO: EQ 829 TU 830 EX 826
Message 3 of 3