What Can Credit Counseling Do For Me?
As we’ve seen, there are many ways to resolve debt issues, and no single solution
is right for everyone. At InCharge Debt Solutions, we use a solutions-based counseling
approach to provide financial wellness resources to everyone who contacts us. As
we evaluate each individual’s needs, we determine if he or she would benefit from
counseling, and we also determine if he or she would benefit from a Debt Management
Program (DMP). A DMP is not the answer for everyone— some consumers in distress
will benefit more from alternative programs or educational materials.
To ensure you receive the most thorough counseling available, we also access your
credit report to verify and review it with you. In this convenient way, we can make
sure your report is correct and know we have your most current credit information
A personalized solution.
If it is determined that a DMP is the best solution, you will work with an InCharge
credit counselor who will assess your financial situation and work one-on-one with
you to develop a payment plan designed to fit your unique needs. This personalized
approach is part of our commitment to your financial success that sets us apart
from other credit counseling and debt management providers. InCharge Debt Solutions
is also committed to providing financial educational materials that teach sound
money management principals and responsible use of credit.
Alternate resources.
For many consumers, finding a realistic way to pay down their debt on a structured
schedule—and receiving creditor benefits like lower interest rates and waived fees—is
the answer. It may be the right option for you. However, because we understand it
is not the answer for everyone, we also provide alternate resources, like financial
counseling, budgeting assistance, and, if applicable, referrals to social service
agencies or partners that can help with particular issues.
It’s important to understand that InCharge’s DMP is not a loan—it is a manageable
repayment plan. Your creditors want you to continue to make payments. That’s why
they’re willing to work with InCharge to make your monthly payments affordable while
you work toward paying off your debt.
Payments you can manage.
Once you and your counselor establish your repayment schedule, you will be responsible
for one affordable monthly payment to InCharge. We distribute your payment to each
of your creditors—on time, every time. As soon as you begin to make consistent payments
and show your creditors you are serious about getting out of debt, you’ll receive
benefits like:
- Reduced interest rates
- Waived late fees and over the limit fees
- No more collection calls
Ongoing support & education.
And at InCharge.org, consumers and clients can learn about ways to improve their
financial lives, with helpful articles and financial calculators, plus they can
login and view their account status, send emails to InCharge counselors, and receive
additional money management tools.
Benefits that last a lifetime.
The benefits of InCharge Debt Solutions continue long after you enroll in our Debt
Management Program. Our counseling and educational services help you develop a long-term
plan for managing your finances. We address issues such as budgeting, managing cash
flow, understanding credit reports, using credit effectively and avoiding bankruptcy.
With our help, you won’t just get out of debt—you’ll have the tools you need to
stay out of debt.
Professional. Personal. Private.
InCharge Institute is a national nonprofit organization specializing in personal
finance education and credit counseling. The InCharge family includes the InCharge
Education Foundation, which provides award-winning products and materials that support
the personal financial literacy needs of consumers worldwide and InCharge Debt Solutions,
which provides professional credit counseling and education services.