Wouldn’t it be nice if there was a magical way to pay off your debts and gain financial independence? Unfortunately, there won’t be any magic involved because no one is going to swoop in and make your debt disappear, but there is a solution. There’s an option called a Debt Management Plan (DMP), which can save you from bankruptcy. Whether you have mounting medical bills or were an irresponsible shopper, if you can’t afford to repay your debts and have considered bankruptcy more than once, help from a debt management company could be closer than you think, once you know where to look. But before we jump into finding you the best debt management company, let’s discuss what these companies do. It’s actually quite simple: they create a workable plan so you can manage your money and get out of debt. Here’s how they do it: •The debt management company signs you up for a DMP, bringing all your financial obligations (e.g. unsecured debt and credit card accounts) under one roof for easier management. •Shortly before your first payments are due to your creditors, your debt management company sends proposals to your creditors, requesting special benefits to help you repay your debt as long as you make regular and timely payments. Benefits may include lower interest rates, waived late and over-the-limit fees, and reduced monthly payments. •You make a single monthly payment to the debt management company, which uses those funds to pay your creditors on your behalf. •Generally, after you have made three consecutive payments, your creditors will extend benefits through the DMP. •You continue making payments on your DMP – often at a reduced amount secured by your debt management company. •Finally, you make your last payment at the end of your DMP and smile because you have paid off your debt in full.

1. Bradley
Associates
amends
Company Debt
Management
Success

2. Wouldn’t it be nice if there was a magical way to pay off
your debts and gain financial independence?
Unfortunately, there won’t be any magic involved
because no one is going to swoop in and make your
debt disappear, but there is a solution.
There’s an option called a Debt Management Plan
(DMP), which can save you from bankruptcy. Whether
you have mounting medical bills or were an irresponsible
shopper, if you can’t afford to repay your debts and have
considered bankruptcy more than once, help from a debt
management company could be closer than you think,
once you know where to look.

3. But before we jump into finding you the best debt
management company, let’s discuss what these
companies do. It’s actually quite simple: they create a
workable plan so you can manage your money and get
out of debt. Here’s how they do it:
•The debt management company signs you up for a
DMP, bringing all your financial obligations (e.g.
unsecured debt and credit card accounts) under one
roof for easier management.

4. •Shortly before your first payments are due to
your creditors, your debt management
company sends proposals to your creditors,
requesting special benefits to help you repay
your debt as long as you make regular and
timely payments. Benefits may include lower
interest rates, waived late and over-the-limit
fees, and reduced monthly payments.
•You make a single monthly payment to the
debt management company, which uses
those funds to pay your creditors on your
behalf.

5. •Generally, after you have made three consecutive
payments, your creditors will extend benefits through
the DMP.
•You continue making payments on your DMP –
often at a reduced amount secured by your debt
management company.
•Finally, you make your last payment at the end of
your DMP and smile because you have paid off your
debt in full.