Start Your Path to Financial Freedom With DebtWave
Online credit counseling with DebtWave can help you understand your debt, review your current financial situation and explore repayment options that may fit your goals. In addition, as a nonprofit credit counseling organization, we can help you determine whether a Debt Management Program may be appropriate for your situation.
Prefer to speak with a counselor? Call DebtWave at (888) 686-4040.
Completing this form does not obligate you to enroll in a Debt Management Program. In addition, your information will be handled according to DebtWave's Privacy Policy .
How Online Credit Counseling Works
Getting help with debt can feel complicated. Therefore, DebtWave tries to make the next steps as straightforward as possible.
We Review Your Information
First, the information you provide helps us understand your debts, current payments and financial goals. Therefore, we have a better starting point for reviewing your financial situation.
Review Your Options
Next, a counselor can help explain potential repayment options. For example, depending on your circumstances, those options may include nonprofit credit counseling or a Debt Management Program.
You Decide What Comes Next
Finally, you decide whether any available option makes sense for you. Most importantly, completing the online credit counseling form does not require you to enroll in a Debt Management Program.
Why Choose DebtWave for Online Credit Counseling?
DebtWave Credit Counseling, Inc. is a 501(c)(3) nonprofit credit counseling organization and a member of the National Foundation for Credit Counseling (NFCC) .
In addition, our online credit counseling process is designed to help consumers understand their finances and evaluate realistic options for managing unsecured debt. Most importantly, you do not have to enroll in a Debt Management Program simply because you ask DebtWave for help.
The NFCC also provides additional information about nonprofit credit counseling and its network of member agencies. Therefore, consumers have another resource for learning more about professional credit counseling.
- Review your debts and financial goals.
- Learn about possible repayment strategies.
- Understand whether a Debt Management Program may be an option.
- Work with a nonprofit credit counseling organization.
- Decide for yourself what step to take next.
What Is a Debt Management Program?
A Debt Management Program, commonly called a DMP, is a structured repayment program. For example, participating creditors may offer benefits such as reduced interest rates or other repayment concessions.
A DMP is not a new loan. Instead, qualifying unsecured debts may be combined into one scheduled monthly payment administered through the credit counseling agency.
However, creditor participation, interest rates, payments and other program terms depend on each creditor's guidelines and your individual circumstances.
Learn More Before Starting Online Credit Counseling
If you are still researching debt repayment options, these resources can help you better understand credit counseling and Debt Management Programs. In addition, you can estimate what a potential monthly payment might look like before deciding what to do next.
Credit Counseling
Learn how nonprofit credit counseling works and what you can expect when reviewing your financial situation with DebtWave.
Learn About Credit Counseling →Debt Management Programs
Learn how a Debt Management Program may help qualifying consumers repay unsecured debt without taking out another loan.
Learn About DMPs →DMP Payment Calculator
Estimate what your monthly payment and potential repayment timeline could look like under a Debt Management Program.
Estimate Your Payment →Online Credit Counseling Questions
Before getting started, you may have questions about online credit counseling and Debt Management Programs. Therefore, we have answered several common questions below.
What is online credit counseling?
Online credit counseling gives you a way to provide information about your debts, financial goals and current situation without beginning with a phone call. Afterward, DebtWave can review that information and help explain potential debt repayment options.
Do I have to enroll in a Debt Management Program?
No. Completing DebtWave's form or speaking with a counselor does not require you to enroll in a Debt Management Program. Instead, you can review the available information and decide what makes sense for your situation.
Is a Debt Management Program a consolidation loan?
No. A Debt Management Program does not replace your existing debts with a new loan. Instead, participating unsecured creditors may be included in a structured repayment program administered through the credit counseling agency.
What types of debt can credit counseling help with?
Credit counseling can help consumers evaluate many types of financial obligations. However, Debt Management Programs generally focus on qualifying unsecured debts such as credit cards and certain unsecured personal loans.
Where can I learn more about credit counseling?
For additional independent information, the Consumer Financial Protection Bureau provides consumer information about credit counseling, budgeting and debt management plans. In addition, you can contact DebtWave directly if you have questions about your individual situation.
Can I speak with a DebtWave counselor instead?
Yes. If you would rather discuss your situation by phone, call DebtWave at (888) 686-4040 . Alternatively, you can complete the online credit counseling form above whenever it is convenient for you.
Ready to Take the Next Step?
Start your online credit counseling review today. Alternatively, you can speak directly with DebtWave if you would rather discuss your financial situation by phone.