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.
Credit card debts
Payday loans
Collection accounts
Unsecured Debts
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.
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.
I'm JK1, I'm a client of oakview law group debt consulting and settlement program, very happy with what they've done for us. They allowed us to get a little breathing room while we got our debt under control, kept the collectors from hassling us unlike other debt consolidation outfits that I had had to use in the past. Oakview is very effective at that, our manager Kevin Anderson always conducted himself with the utmost professionalism and worked very hard on our behalf for which we were very grateful. I certainly wouldn't hesitate to recommend their services to friends.
The 3 main players in a debt management program (DMP) and their roles are:
OVLG Attorneys | Creditors | You, the debtor |
---|---|---|
Create a budget Our debt management lawyers will create a budget that works for you. |
Receive payments: They really don’t have much to do apart from receiving the agreed amount from us. |
Know about the process: Learn what is a debt management program first. Get familiar with budgeting and proper way to use credit. |
Act as an intermediary: Our debt management lawyers will act as an intermediary between you and your creditors. |
Stop collection calls: Actually they still can call you. But, what they can do is make less calls or talk with us regarding any issues. |
Get a written payment plan: Before saying yes to debt management companies, make sure you get a proper payment plan. |
Negotiate and process payments: Our debt management lawyers will negotiate to reduce rates and then transfer your money electronically. |
Report properly: Your creditors will update your credit report once you start getting help with debt management. * |
Steer clear of new credit: Try to avoid applying for new credit since your present creditors may refuse to offer concessions. |
Keep you updated: The lawyers will give you a periodical report on your payment progress. |
Waive off late fees: Your additional interest rates and penalties will be waived off through debt management services. |
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.
What you must not forget to check:
Hi,
Are you trapped in debt and cursing your fate because creditors are charging high-interests?
Are you looking for a way out of this problem?
If so, then debt management is what you need.
A debt management plan helps you to slash your interest rates and get an affordable monthly payment plan. It helps you make one monthly payment instead of many and avoid forgetting multiple due dates.
The best part of debt management plan is the reduced interest rate which helps you save money. Plus, late fees, fines and penalties are waived off. So, you save money there too.
The added bonus is the personalized budget plan, which helps you manage monthly payments easily.
So why are you still paying high-interests on your debts?
Call (800)-530-6854 and get help now.
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Last Updated on: Tue, 18 Aug 2020