Debt Management Programs

Important Information for Consumers from ConsumerBankruptcyCounseling.info Regarding
Debt Management Programs.

Many of ConsumerBankruptcyCounseling.info’s largest competitors including CredAbility; GreenPath; and MoneyManagement, are sponsored by banks and other types of lending institutions and derive much of their revenue from administering Debt Management Plans.

News reports indicate that some of these companies may actively attempt to divert clients into Debt Management Plans when clients contact them seeking help in dealing with their distressed finances.

ConsumerBankruptcyCounseling.info does not administer Debt Management Plans.

This is because ConsumerBankruptcyCounseling.info, which is not sponsored by banks or other types of lending institutions, has never been persuaded Debt Management Plans are of benefit to most consumer debtors.

Rather, ConsumerBankruptcyCounseling.info views Debt Management Plans as a tool—employed by banks and other types of lending institutions acting through sponsored entities like CredAbility, GreenPath and MoneyManagement - that is mainly designed to increase yield on distressed consumer debt for such banks or other types of lending institutions rather than help consumer debtors eliminate or reduce debt.