Typically, a debt management plan is set up to pay off 100% of your unsecured debt within five years. Because many creditors agree to lower interest rates, more of your payment goes toward reducing the principal balances, and less is applied towards interest charges. Collection calls and letters will typically stop after 2-3 successful months on the program. This is different than debt settlement. TCT Members have free access to financial counseling from our partner, GreenPath Financial Wellness.

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