s a Debt Management Plan the best option?
It's common for your score to drop once you're in a DMP. Usually your lenders put you on a hardship plan. You can certainly discontinue the DMP and try to settle the accounts yourself. Will you be able to save 50ish% of your total debt in anywhere from 3 to 6 months if you stop the plan?
My previous poster is right. Do whatever he has suggested
You have a very valid point. Many times people can negotiate there own debt repayment plan and save themselves a lot of money in the process. I consider a debt management service to be the step prior to bankruptcy. If you can not make your minimum payments and you are racking up late fees then you should consult a debt management service.
At my company, we work with individuals that can still afford their minimum payments, assist you in contacting your creditors, and put together a plan for you. We then work with you to help change your spending habits and try to reduce your monthly fixed and variable expenses. If you are interested, I would be happy to review your plan and let you know what I think you can do.
Just contact me from my website at http://reviewyourplan.com. I wish you the best of luck.