CCCS Debt Management Plan. There is many circumstances in life that can destroy even the best money management. A job loss, unexpected medical expenses, and a high credit card debt are just a few of the reasons why you may find yourself in a situation where you cannot keep up with your bills. The Debt Management Plan is a program where we have your entire financial situation, taking into account all income, expenses and debts.
If your situation is such that there is not enough money to complete the monthly payments to your creditors, but reasonable enough to make payment, you get the option of entering Debt Management Plan.
This program is designed to help all types of unsecured debt, including credit cards, medical bills, or accounts with collection agencies. We will contact each creditor on your behalf and make arrangements for them to accept reduced monthly payments. Your creditors asked for all collection activity to stop, to late fees and over limit, and direct with us. In some cases, creditors will stop or finance the costs reduced to CCCS clients.
Payments to your creditors are handled via the CCCS office. Each moth you pay a certain amount that is deposited into a trust account and distributed semi-monthly to each creditor until all your debts are paid off.