Many companies worked Debt Management Plan so, How do I know whether a Debt Management Plan is right for me? Anybody can give some comments?

Hi - I am in the process of working with a non-profit -- Greenpath Solutions -- to put together a debt management plan for my outstanding payday loans. The plan is very reasonable payments over 5 years managed by greenpath for a modest admin fee. Greenpath will also interact with your creditors on you behalf and you can choose to pay off debt earlier or cancel with them at anytime. Has anyone here used a debt management plan for paying back payday loans? Carol

I owe about 50,000 in credit card debt. I am not sure if I should try to take out a loan at 10.5% or call a debt consolidation company.

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I was just curious is this is an option. I am currently in a debt management plan and have some payday loans. I had read somewhere else on this forum that you could do that. Just curious....

I just wanted to share with everyone here that I just settled my account with Plain Green Loans. I took out an 800$ payday loan with them, paid it back in full (which cost me just over 2000), then took out a 900$ loan as well. After reading the information on this site I took a stance that i was NOT paying this payday back. I had already given them over 2000. So I used the "How to deal with illegal payday loans" info you have posted in your signatures. It took a little haggling, but the 900 Dollar loan I took out after the 800 Dollar one is now paid in full!!!

We used a debt management service in August, but I was not smart enough to put all of our credit cards on the program. Now, once again we are struggling to make our monthly minimum payments on a few credit cards. Are you allowed to add to the debt management plan or does anyone have any suggestions?

I have been in a debt management plan for almost 2 years. Because of financial difficulties, some of my payments to the mgmt. company were either late or skipped. My credit report shows late payments to the creditors, and a notation that the account is in a DMP. I am now back on track with my DMP. I have 2 questions: 1) how long will it take to improve my credit score (542) 2) how long will the DMP designation affect my credit? Thanks.

If you are on a debt management Plan and have been making payments since April, 2007 do you need to list these accts on the bankruptcy chapter 13? Can we just list certain accts that we want in the repayment plan or do we have to list all of them ?

Hi All- I've been a lurker on this board for awhile. I actually just recently got in touch with credit couseling services regarding a possible DMP. It turns out that they could have me debt free by 2013, however, the payment was outrageous. I think it was actually more than what I pay in a months time to my debts. There was no way I could afford it. So that leaves me wondering- what's left?