The Debt Management Plan (DMP) is another free service provided to members as a benefit of the GreenPath partnership. Members who are having difficulty paying bills or staying current on credit cards may sign up for this valuable service.
GreenPath counselors will contact your creditors on your behalf to negotiate concessions and/or work out loan payment agreements. Typically, credit card companies will agree to lower interest, eliminate fees, and cease collection activity. You would then make your payment to GreenPath, and we would pay your creditors. Through our disbursement process, payments are sent out daily (electronically via ACH whenever possible).
Members participating in a DMP are required to close all unsecured accounts and are typically debt-free within 60 months.