Debt Management Program

Are your debt issues keeping you up at night? Do you feel like you are the only one dealing with the stresses of debt?

Trust me. You are not alone.

The feeling of debt relief is right around the corner with the help from Climb.

A solution that works for you. With a high level of unsecured debt, a Debt Management Program is a positive, proactive debt relief solution.

What is a Debt Management Program?

A debt management plan is a service provided by a credit counselling agency that offers a simplified payment plan for your debts with some relief from interest costs. Most credit counsellors are not-for-profit agencies created to help individuals experiencing financial distress.

What can a Debt Management Plan do for me?

A debt management plan is one option to pay off outstanding debt over time. A credit counsellor will assess your situation, help you create a budget, and provide advice about dealing with your money problems. This can be a great help if money management skills will be enough to get your finances in order.

If your debts are so large that you can’t handle them on your own through budgeting and expense reduction, the credit counsellor will work out a debt management plan with your unsecured creditors. You will then give the agency a regular payment, which they will distribute to your creditors.

Benefits of a Debt Management Program

  • Debts are divided into monthly payments
  • Creditors will stop harassing you
  • Interest rates are eliminated or significantly reduced
  • Prevents future penalties and fees
  • Peace of mind and less stress about money

How can Climb Help?

Start your Journey to become debt free and rebuild your credit with Climb.