Debt Settlement and Debt Management: What to Know
When it comes to financial guidance, it’s not always easy to know who to trust. At Fibre Federal and TLC, we want you to have the peace of mind that comes with knowing your goals are in good hands.
We proudly partner with GreenPath Financial Wellness, a trusted national nonprofit that has empowered people to lead financially health lives since 1961. They’re the largest credit counseling agency in the country and a member of the National Foundation for Credit Counseling (NFCC). Green Path offers free financial counseling and education, home buyer support, and debt repayment through their Debt Management Program (DMP).
DMPs are an alternative to a debt settlement program, and it’s important to know the differences and research your options before taking a big step in reconciling your debts. As opposed to a DMP or credit counseling services, debt settlement companies are for-profit institutions, and their services may have a negative impact on your credit score and financial standing.
We encourage you to explore these informational articles about the differences between debt management and debt settlement services to determine the best fit for your financial situation and goals.
- Understanding the Difference Between Debt Settlement and Debt Management
- 4 Steps to Take to Learn about Debt Settlement
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