(PRWEB) October 29, 2011
DebtManagementProfessionals.net, which is an online debt management referral agency, provides it’s applicants with detailed information regarding available debt programs. Debt Management Professionals is pleased to announce a new website aimed at helping consumers choose the right possible debt management plan when considering cost-effective ways at resolving credit card debt.
“The mission of our company is to provide detailed knowledge on how these debt programs differ from one another – in addition to a financial success kit which aims at re-educating consumers on how to manage their finances,” says Brandon David of DebtManagementProfessionals.net (http://www.debtmanagementprofessionals.net). “It’s becoming more and more frequent for consumers to enroll into programs by being misled, assuming they’ve enrolled into consolidation when in fact they’ve enrolled into something like debt settlement”.
The debt management program works by negotiating new terms with the creditors, which in turn reduces interest rates, finance charges and of course high minimum payments. Of the vast range of debt programs available to consumers, debt management (also known as credit counseling) is the only program that is not factored into the consumers credit score according to FICO ©. Once the consumer moves forward with a debt management plan, that consumer will only need to worry about making one lump payment each month. When making these lower minimum payments while keeping the interest rates low, the consumer will often find that a vast majority of the new minimum payment will be applied towards the actual principal balance. Unlike programs like debt settlement, debt management will keep the consumer current with the debt owed which in turn keeps their credit in good standing.
DebtManagementProfessionals.net provides consumers with a financial success kit, along with detailed education on how these programs differ from one another. With the recent release of our new website to the public, it’s our mission to target confused consumers and better educate them on the differences between common debt programs. These programs if selected correctly can save consumers thousands of dollars and years of time. For more information on the debt management plan, please visit http://www.debtmanagementprofessionals.net/debt-management-plan.html.