Yes. But only if you find yourself struggling to make progress in paying off your credit card debt. A Debt Management Plan is a great way to lower your interest rates and monthly payments. Credit card companies offer great benefits to their clients working with credit counseling agencies. But you must refrain from using credit cards for any plan to work. Keep your expenses less than your income. Get laser focused on paying off your debt.

Rates very with each credit card company. Some creditors offer 0% where some may not decrease the rate at all. However, the average APR for DebtWave clients that enrolled in 2024 was 6.8%.