a note reminding someone to seek out a debt management program

The 3 Best Debt Management and Consolidation Programs

Large amounts of debt can impact the interest rates on any funds you plan to borrow in the future. If you cannot resolve your debt, your finances can quickly spiral out of control and make it hard to plan for retirement. If your debt gets too out of control, you can be turned over to a debt collection agency! If you are interested in getting out of debt, consider entering a debt management or debt consolidation program.

DebtWave Credit Counseling

To date, the DebtWave Credit Counseling Program offers debt management and credit counseling services. In their debt management program, you are able to enter into a repayment plan. For most participants all debt is resolved within three to five years.

When entering this program, you work directly with a certified credit counselor. As a part of the DebtWave Credit Counseling program, you can address any debts owed in the form of loans. Once all of your credit information is reviewed, you can begin to identify the strategy that makes the most sense for you in improving your credit. You receive education on how your credit is affected by certain types of loans as you improve key metrics like your debt-to-income ratio.

Debt Management Credit Counseling Corp.

This particular provider offers a credit counseling program and debt relief management programs. Their debt management plan allows you the opportunity to eliminate all types of debts, including unsecured and IRS debts. By targeting the high interest rates and undergoing debt consolidation, most people can eliminate a majority of their debts within five years or less.

Special services involving payday and student loans can even be included in a repayment plan. Credit counseling services available can help you increase your scores within 60 days, and they even offer identify protection services at discounted rates.


InCharge offers both credit counseling and debt relief services. Certified professionals work with you to help your resolve your debt and restore your credit for free. They offer free credit counseling and budget assistance. Since 1997, this company has helped millions eliminate debt and improve credit. Renegotiated terms expedite the process of resolving your debt. The ability to reduce your monthly payments, interest rates, and collection calls are some of the many advantages to participating in the Incharge program.

Choosing a Program

When reviewing any debt management program, it is important to avoid companies that require high upfront fees in order to get started. A reputable company will most offer budget counseling in addition to a debt management plan. Additionally, a reputable debt consolidation program will be certified by an organization like the National Foundation for Credit Counseling or the Association of Independent Consumer Credit Counseling Agencies.

Last Updated: October 08, 2014