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CareOne Blogs
What should I do if I lost my job and can no longer afford my Debt Management Plan payment?
Published Thursday, July 22, 2010 10:32:00 AM by taylor1
Depending on what sources you rely on for your news, the recession is either getting better, getting worse, or staying the same. Isn't it amazing how nobody can agree? One... read more Consider your options when it comes to divorce
Published Thursday, July 22, 2010 9:46:00 AM by CoachSuzanne
As I begin the journey through my second divorce, I find myself older and wiser than the first time around. I am doing considerably more research, including knowing my options... read more All About Debt Consolidation Options
What are my choices?
Unlike other providers, we are able to provide you with multiple debt consolidation options to help you become debt-free. You’ll be able to consider both a debt management plan and settlement. We'll provide you with a personalized solution based on your situation and you won’t need to worry that you are being forced into a solution that doesn’t work for you.
What is a Debt Management Plan (DMP)?
A DMP offers significant interest and time savings* and provides you with a plan to repay your debts in five years or less. You’ll be able to consolidate all of your unsecured monthly payments into one, easy payment. The DMP is not a debt consolidation loan where the equity in your home is used to pay down your debt.
*The savings are based, in part, on the average of a recent sampling of annual interest rates charged by creditors that participate in our plan and an assumption that only minimum monthly payments are made.
What is Debt Settlement?
Debt Settlement is a negotiation by a settlement service provider or lawyer with your creditors to pay back a portion of your unsecured debt. You make monthly deposits into a debt settlement account in an amount you can afford. You do not make monthly payments to your creditors. When settlements are reached with creditors, settlement payments are paid from the debt settlement account. Settlement will have a negative impact on your credit.
Choosing a Debt Consolidation Provider
CareOneSM providers are proud to have helped over 4.5 million people tackle their debt. As you choose a provider, be sure to check their reputation, such as their rating with the Better Business Bureau (BBB). Beware of providers that are less than reputable – their high fees and unethical practices can you leave you in a worse financial condition than when you started.
National Debt Statistics
CareOneSM agencies have helped over 4.5 million people in debt and have compiled some meaningful debt statistics about the people helped. This information is provided for all states and the most populated US cities.
Top Rated Debt Management Articles
Budget Planning
Learn essential financial planning skills to take control of your debt and solidify your future.
Manage Your Debt
Already in debt? Learn how to pay less and get out of debt more quickly. You have options when it comes to credit counseling, learn which one is right for you!
Consumer Protection Laws
Familiar with your rights? You are entitled to fair debt collection practices even if you have fallen behind on payments.
The CareOneSM Difference
Discover how our solutions for debt can:
- Help you pay significantly less
- Help you pay off your debt faster
- Let you make one simple payment per month
- Help you build strong money management skills
Who qualifies for debt consolidation?
You can save money and get out of debt faster if you meet these simple requirements:
- $2,500 or more in unsecured debt
- Two or more accounts
- A source of income
The CareOneSM Service
Providers that offer CareOne debt relief services are industry leaders committed to offering the best debt management programs available. They have met the highest quality standards and are committed to helping you get your finances back on track through counseling and education.
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