As a certified debt management plan provider, Meredian can manage your creditor payments with significantly lower interest rates provided by your creditors, through a debt management plan. A DMP provides the bill payment assistance to allow you to save thousands in interest and help you get out of debt significantly faster.
The average household in the US has over $15,000 in debt not including a mortgage, and pay almost $1000 in interest fees every year*.
A quick call with a credit counselor will provide you with an estimated plan detailing your future savings and the length of time in a debt management program.
Credit counseling can offer solutions to paying off your credit card debt. A credit counselor will review your income, expenses, and any debts you owe. After reviewing your situation, we will present you with options and solutions to help you reach financial freedom. See what our clients have to say about us.
Finance Calculator
Meredian Debt Calculations
Our financial calculators may come in handy when you are trying to calculate how much your debt is going to really cost you. These calculators are to help you get the best understanding of your financial situation in addition to assisting you in making informed financial decisions in the future. Understanding your debt is the first step towards a debt-free lifestyle.
Getting Started
We understand how stressful it can be when dealing with debt, and finding a real solution to get out of debt can be overwhelming.
We have created a series a debt related videos to further illustrate how these debt relief programs work and help improve financial literacy.
Free Budget Worksheets
Download our free budget worksheets and discover how much you are earning and what you really are spending your money on. Completing and reviewing a budget is a great way to track expenses, and create better spending habits. When you commit your finances to paper, it becomes more clear where you can start saving money and have more control over your finances.
If you have any questions on how to create a budget or would like a debt counseling to create one for you, please call:
800-938-0092
And, to keep up with your repayments, debt management plan (DMP) customized to your unique situation is the right course of action.
Here is what you must know about DMP and how it is different from Individual Voluntary Arrangement (IVA), which is a formal agreement to deal with your urgent debt load and may take 5-6 years.
DMP is to manage your non-priority debts that includes, but not limited to credit cards, store cards, bank and student loans, etc.
It is an informal agreement between you and the creditor for an agreed period to clear your loans through affordable monthly payments.
The duration of debt clearance depends on the amount you owe to the creditors (usually less amounts with no threat of bankruptcy).
Like IVA, depending in your debt-to-income ratio, you can agree on one affordable monthly installment that will be distributed between the creditors you owe money to.
Financial experts define debt management as the process of managing and monitoring your risk exposure and your budgets.
Debt management expert explain that it is a unique strategy that helps the debtor to repay or handle their debts efficiently.An expert consultation reveals that an effective debt management process helps to reduce financial vulnerabilities, contribute to macroeconomic stability, and maintain their credit score amongst the investors.The global expert network firm seeks advice from industry experts and reveals that debt management plans allows an individual to pay off their debts at their affordable price.
A debt management consultant is specialized to guide other industry associates to work out an affordable debt plan and also formulate effective debt management strategies for their business.The expert network industry is specialized in connecting with experts and helps you to seek advice about debt management to solve all your business and personal financial crisis in case you struggling to manage your money and your debts.A debt management expert is highly specialized to support you to manage and reduce your debts.
They are skilled trainers who can sort out all your financial problems.The expert network group helps to find industry expert and seek phone consultation and engage in research surveys to gain market insights, understand market opportunities, challenges, new regulations, and formulate new strategies to solve your debt crisis.An expert survey reveals that an average total debt per household in the UK was valued at £59,441 in Aug 2019.
