![]() With a DMP, you’ll fully repay your enrolled unsecured debts (e.g., credit cards, personal loans) in no more than 60 months. A review didn’t reveal any recent legal actions against the company.Īs a nonprofit credit counselor, the primary type of debt relief offered by DMCC is a DMP. (DMCC), a nonprofit debt relief company, was founded in 1999, is a member of the Financial Counseling Association of America (FCAA) and employs credit counselors who are certified by the National Association of Certified Credit Counselors (NACCC). While the specific amount charged by isn’t defined, maximums are set by state law and the expected range for these fees is $0 to $75.ĭebt Management Credit Counseling Corp. Even so, you’ll need to pay a relatively small one-time enrollment fee and a monthly fee. The amount you’ll pay for the DMP varies by state. Some companies require minimum debt to sign up for a DMP, but doesn’t specify this. You can enroll many unsecured debts into its DMP, including credit cards, collections and medical bills. This usually takes three to five years with most credit counseling agencies, although the specific timeframe it will take you with is not defined. Since is a credit counselor, the type of debt relief it offers is a DMP, which allows you to fully repay your unsecured debt relatively quickly. Searching for recent legal actions against the company uncovered no issues. You’ll need to confirm this with your credit counselor.Ĭ, a nonprofit credit counseling agency founded in 1974, offers debt relief options to people in all 50 states and is a member of the NFCC. Its parent company, Money Management International, has no debt minimums, so the same is likely true for Clearpoint. You may not need to meet debt minimums to participate in Clearpoint’s debt management program, but this isn’t clear. However, the company does offer fee waivers for financial hardship. While the exact fee you’ll pay varies by state, you may pay $0 to $50 per month for the duration of the program, as well as a one-time enrollment fee of up to $75. ![]() The type of debt relief offered by Clearpoint is a DMP that enables you to fully repay all your enrolled unsecured debt balances in three to five years. A search didn’t reveal evidence of recent legal actions taken against the company. Clearpoint offers debt relief services in all 50 states, is a nonprofit entity and is a member of the NFCC. This does not affect our recommendations or evaluations but may affect the order in which the companies appear.Ĭlearpoint Credit Counseling was founded in 1964 and is a division of another credit counseling agency, Money Management International. Our picks may be Authorized Partners who compensate us. We also looked at fees, types of debts serviced and average program length. To make our top picks, we considered 36 companies offering debt relief plans and narrowed them down based on factors including reputation, accreditation and types of additional services. ![]() Our top 7 picks for best debt relief companies If you are considering using a debt relief program, make sure you find one that offers a free consultation before offering services, is a member of at least one reputable trade organization and doesn’t have any recent legal actions against it. ![]() However, it’s important to remember that it could still take you two to five years to get your debt under control and some debt relief options could harm your credit. If you have unsecured debt, you’re struggling to make your monthly payments or you can’t figure out how you’ll even be able to repay the principal balance, you might be interested in a debt relief program.Ī debt relief program can help you pay down your debts and can come in the form of debt settlement, a debt management plan (DMP) or even negotiating your interest rates and payment schedule with your creditors.
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