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
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
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
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
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
As per the Consumer Financial Protection Bureau, almost half of all collection account on credit reports are due to unpaid medical bills. They are one of the primary reasons behind poor credit score for many people. Yes, medical debt can drop a person’s credit score from 50 to 100 points ... Read More »
The 4th of July is observed as a federal holiday in the United States. After all, it’s NATION’S BIRTHDAY! Independence Day celebration is a grand and colorful affair in the country with fireworks, foods, parades, and more. Wondering how to enjoy this wonderful day? Check this out.
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