FAQs

How does the PLAN Debt Management Program work?
The PLAN Debt Management Program works by applying margin payments to a Debt Roll-Up theory to pay off your creditors faster.

How do I get started on this program?
To get started on this program go to the contact us page or fill out the online application and a local representative will contact you shortly.

What is a Debt Roll-up?
The PLAN Debt Management Program works by applying a margin to a debt, then rolling that payment and the extra onto another debt once the first is paid off, which helps pay off creditors much faster.

What are Margin Payments?
Margin Payments are the amount paid to an account that is more than the required payment on that account.

Will my monthly payments go up?
No! Usually they stay the same or are even lowered.

Can I do this myself?
It's possible for you to do this yourself. However, most people are well intentioned but have a hard time with doing this type of payment plan by themselves, especially over the 10 or so years it might take to get them totally debt free.

Will this negatively affect my credit?
No! There is no debt negotiation, arbitration or settlement involved. This is strictly a Debt Roll-Up program only. We are not Consumer Credit Counselors.

What happens if I buy another car, add another payment or sell my home and move to another state in the future?
The nice thing about this program is that it is very flexible. You can add or change accounts anytime you want with no additional fees. And since this program is not tied to any piece of property, you can relocate with no problems - just keep us updated with your information.

Will I lose control of my finances?
Definitely Not! Unlike some programs, you will still be receiving all of your monthly statements from your creditors. You can also see an online statement of what bills we have paid on your behalf. All you will need to do is compare your monthly statements from your creditors with the statements you see online, make sure they match, file them, and you are done for the month.

Do I need to own a house?
Yes, however, there are exceptions if you have another source of money such as 401(k)'s, life insurance loans, or generous relatives.