Creditor Planned Repayment

PlanFirst offers a customized solution to you financial difficulties, helping you regain control of your life and your finances. After completing a free Budget Analysis, A credit counselor will explain your options and answer all of your financial questions. A credit counselor will point out all the differences in the possible options so that you can make an informed decision.

Two possible options a consumer might qualify for are listed below and The PlanFirst Financial Wellness Program (FWP) offers both options along with additional benefits as a member.

 

1) Debt Management Program (DMP)

The typical benefits of a DMP are:
• Consolidates multiple monthly payments into one automated monthly single payment
• Reduction of interest rates (on money owed to creditors)
• Become debt free (in as little as five years)
• Save thousands of dollars (from saved interest expense and the consolidation process)

Additional FWP Benefit: As a member of the PlanFirst FWP you will receive up to a 50% discount off monthly fees charged by the Credit Counseling Company that services your DMP.

2) Debt Settlement Program (DSP)

The typical benefits/negatives of a DSP are:
• Consolidates multiple monthly payments into one automated monthly single payment
• Reduction of principle and interest (on money owed to creditors)
• Become debt free (in as little as 3 years)
• Save thousands of dollars (from saved principle and interest expense)
• Your credit will most likely be affected in a negative way.
• You may receive harassing calls from creditors.

Additional FWP Benefit: As a member of the PlanFirst FWP you will have the option to settle your debt yourself and save substantial dollars. We will educate you how to do it yourself. However, if you would like a debt settlement company to settle your debt for you, we have made arrangements so that you will be charged a discounted settlement fee only after your debt is settled. This will save you from all the companies that charge you a large amount of fees before they ever settle your debt for you.

Contact PlanFirst today to find out all about our Financial Wellness Program (FWP) and how we can help you become debt free.