Manage Your Debt with GreenPath

Struggling to keep up with multiple payments? You’re not alone. Many people feel the weight of juggling bills every month.

But you don’t have to navigate this journey alone.

GreenPath, a national nonprofit that helps people eliminate debt by lowering rates and consolidating payments, is a trusted WorkMoney partner ready to help you explore if a debt management program (DMP) is right for you:

Take Control of Your Debt: How GreenPath Can Help

• Lower Rates: GreenPath’s certified counselors work with your creditors and can often arrange lower interest rates, helping you save money over time.
• Consolidate Your Payments: Combine your debts into one easy monthly payment for simpler budgeting.
• Personalized Support: In an initial consultation, your counselor will review your financial situation and tailor a program that fits your needs.
• Ongoing Education: Access free webinars and tools that empower you to achieve your financial goals as you pay down debt.

Why Choose GreenPath?

• Tailored Programs: GreenPath’s certified counselors provide judgment-free support and create a personalized debt management program that suits your financial situation. You’ll feel confident and informed every step of the way.
• Real Results: In 2023, GreenPath helped over 10,000 individuals repay their debt in full. 84% of those surveyed felt more confident in reaching their financial goals after working with their counselors.

If you're facing credit card debt, student loans, or other financial challenges, GreenPath is ready to help you regain control of your finances.

Take the first step today:

• Call GreenPath at 877-293-8884 for trusted guidance.
• Learn more about GreenPath’s services and how they can help you.

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FAQs
What is a Debt Management Program (DMP)?

A Debt Management Program (DMP) is a structured repayment program designed to help you pay off unsecured debts like credit cards, personal loans, or medical bills. It simplifies your financial life by consolidating multiple debts into a single monthly payment and helps to arrange lower interest rates or payments with your creditors. Offered by nonprofit credit counseling agencies like GreenPath, DMPs aim to make repaying your debt more manageable over time.

Who is a DMP Best For?

A DMP might be the right choice for you if you:

• Struggle to manage multiple unsecured debts, like credit cards or personal loans.
• Need support arranging lower interest rates and fees to lighten your financial load.
• Want a structured plan to help you become debt-free within a few years.
• Have a steady income to commit to regular monthly payments.
• Wish to avoid bankruptcy but need serious debt relief.

Will a DMP affect my credit score?

When you enroll in a DMP, GreenPath won’t contact credit bureaus. However, closing your credit lines may lead to a temporary dip in your score. The good news? Most people see their scores improve over time by consistently making full, on-time payments each month.

Can I still use my credit cards during a DMP?

Most DMPs require you to close your credit card accounts to prevent accumulating more debt. This helps you stay focused on repaying your existing debts.

Are there fees involved in a DMP?

Fees can vary based on your state and the amount of debt you have. On average, GreenPath clients are charged a one-time enrollment fee of $35 and a $28 monthly fee. This is typically small compared to the savings from waived late fees, waived over-limit fees, and reduced interest rates.

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