Debt management plan or program is a process wherein credit counselors approach your creditors and propose a mutually agreeable payment plan. This program is also offered by debt management companies and registered law firms in the country such as OVLG.
Are you wondering why can’t you eradicate your credit card debts in spite of making payments every month? What’s wrong? Actually, your outstanding balance is not getting less because of the following reasons.
Your current monthly payment plan is beyond your budget
You’re paying extra money on late fees and penalties as you’re past due
You can’t manage your expenses within your income
How much you can save with OVLG DMP
OVLG debt management program can help you attain financial freedom quickly since more of your money will go towards the outstanding balance on your credit cards. Moreover, lower interest rate helps you save money.
How much can you save?
As per FICO, Debt Management Program will not hurt your credit score
Why OVLG should manage your debts
Lowers your interest rates
Is a registered law firm
Follows FTC laws and protects your privacy
Has more than 300 positive live reviews
Has 84% client satisfaction rate
Gives you 100% refund if it can’t manage your debts
In a debt management program, the debt management company works directly with you and your creditors in order to develop an affordable repayment plan for your unsecured debts. Each month, the debtor deposits a certain amount in a bank account as per the plan, which the debt management company in [...]... Read more
Debt management can be an effective way to pay off your debts. However, before enrolling into a debt management program, you need to ensure that you’re placing your trust and your finances in the right hands.
Questions to be asked before enrolling in a DMP
You always want to go for the best debt [...]... Read more
Agreement:An written understanding between the client and the debt management provider. It principally concerns the debt management company's terms of business.
Amortization: The gradual repaying of a debt in partial payments rather than in single payment.
Annual Review: The full evaluation of the [...]... Read more
The Uniform Debt Management Services Act was introduced in July 2005, by the National Conference of Commissioners on Uniform State Laws (NCCUSL). It was enacted as the first nationalized attempt to collaborate and regulate debt relief services.
Inception of the UDMSA
Consumer debt relief services [...]... Read more
Are you way behind on your debt payments with no idea how to pay off your financial obligations?
A Debt management plan (DMP) can be an effective solution, with the help of a third party. It can help you resolve your debts without adding more negative listings to your credit report. Here are 7 tips [...]... Read more
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Well, can you tell me who sets the money rules? From where you get those money rules? Forget it. Tell me, who worries about your financial life? The answer is “no one”. There is no ... Read More »
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