OVLG debt management lawyers lower your interest rate, helps you save money and improve your credit score. Find out how to get best help.
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Debt management plan (DMP) - How to use it to get best help

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.

OVLG debt management plan - How it helps you

  • Offers a personal budget plan
  • Drops the number of collection calls
  • Reduces monthly payments
  • Removes fines, late fees and penalties
  • Brings down your interest rates
  • Helps you make affordable monthly payments
Compare OVLG with others and then trust us

What’s wrong with your current monthly payments?

Well, you must be wondering why you aren’t being able to eradicate your credit card debt in spite of making monthly payments? 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 already delinquent and paying extra money on late fees and penalties
  • You can’t manage your expenses within your income

How much does OVLG DMP help you to save

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?
Monthly payment you can afford
($)
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
  • Has been managing debts for 7 years in 48 states
Mon May, 2013 Review: NW saved $3264
Client satisfaction level:
      
* Client names have been changed to protect privacy


Key players in debt management program and their role

The 3 main players in a debt management program (DMP) and their roles are:

OVLG Attorneys

Create a budget:
Our debt management lawyers will create a budget that works for you.

Act as an intermediary:
Our debt management lawyers will act as an intermediary between you and your creditors.

Negotiate and process payments:
Our debt management lawyers will negotiate to reduce rates and then transfer your money electronically.

Keep you updated:
The lawyers will give you a periodical report on your payment progress.

Creditors

Receive payments:
They really don’t have much to do apart from receiving the agreed amount from us electronically.

Stop collection calls:
Actually they still can. But, what they can do is make less calls or talk with us regarding any issues.

Report properly:
Your creditors will update your credit report stating you’re getting help with debt management. *

Waive off late fees:
Your additional interest rates and penalties will be waived off through debt management services.

You, the debtor

Know about the process:
Learn what is a debt management program first. Get familiar with budgeting and proper use of credit.

Get a written payment plan:
Before saying yes to debt management companies, make sure you get a proper payment plan.

Steer clear of new credit:
Try to avoid applying for new credit since your present creditors may refuse to offer concessions.

Track client secure area:
Monitor your payment progress whenever you can. Check creditor statements as well.


* Creditors will report that the debt has been paid in full after you complete the program.

DMP or debt management plan - Do’s and Don’ts

Do's
  • Check which debts will be included
  • Pay your creditors till the plan gets approved
  • Check out the online reviews of debt management companies
  • Live as per your budget
  • Earn money to make extra payments
  • Read your monthly statements
  • Contact debt management companies when you can't make payments
  • Check and confirm if creditors have accepted the plan
Don’ts
  • Never pay upfront fees
  • Don’t sign up if you can’t make monthly payments
  • Don’t get swayed by false promises
  • Don’t get confused between debt consolidation and management
  • Don’t be impatient

Best debt management plan advantages

  • Helps you stay and get out of debt
  • Gives you a practical budget and a financial goal
  • Makes creditors see you favorably
  • Gives less headache to creditors as they get paid every month
  • Helps you get lower monthly payments and less calls from creditors

Best debt management program - How to choose

What you must not forget to check:

  • Breakdown of fee structure
  • Client feedback
  • Certification of credit counselors
  • Company affiliation

Steps to get best help with debt management

1 Ask when you’ll be debt free:
It may take as long as 48 months to get out of debt.
2 Check affiliations:
Work with debt management companies who are affiliated with AICCA and NFCC.
3 Analyze fee structure:
Find out if the fee structure is as per the FTC terms and conditions.

Have a clear idea about what is debt management?
Wish to get instant help?

Call us at (800)-530-OVLG

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Pages

9 Questions you must ask to avoid a debt management scam

9 Questions you must ask to avoid a debt management scam

Date: 12:12 am 7th Jul, 2015 Article Rating: 
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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


Frequently asked questions about Debt Management

Frequently asked questions about Debt Management

Date: 11:29 pm 9th May, 2014 Article Rating: 
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1. Is Debt management suitable for everyone? No, a debt management plan is not suitable for all. It is usually unsuitable if you have very low surplus income after paying off your basic necessities. 2. How will I know that my creditors are being paid? Your creditors will send you a statement [...]... Read more


Debt Management Plan: How can it put your finances in shape

Debt Management Plan: How can it put your finances in shape

Date: 05:34 am 30th Apr, 2014 Article Rating: 
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Debts can be overwhelming. For this reason, paying off the your bills at the earliest opportunity is always recommended. If you’re unable to manage it yourself, you can try to get debt relief through a debt management plan (DMP). What is a DMP? A debt management plan or program (DMP) is a [...]... Read more


7 tips for an effective debt management program

7 tips for an effective debt management program

Date: 03:14 pm 17th Jun, 2013 Article Rating: 
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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


Uniform Debt Management Services Act

Uniform Debt Management Services Act

Date: 03:12 pm 17th Jun, 2013 Article Rating: 
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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




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