How to Succeed on a Debt Management Program

When you enroll on our debt management program you are entering into a partnership with American Financial Solutions and your creditors. We all have responsibilities in this partnership.

Get started today! CALL TOLL FREE 1-888-282-5899 FOR IMMEDIATE ASSISTANCE OR FILL OUT OUR on-line counseling application.

We will send proposals to each of your creditors fifteen days prior to your first payment, listing the balances you gave us when you first called and outlining the payment plan established. Please be aware that not all creditors will process your proposals immediately and it may take a few weeks for them to notify us whether or not the proposal has been accepted. Some creditors may request a slightly higher payment than that proposed and if so we will notify you immediately.

Timely and consistent payments are crucial to your success on the program. During the first three months, your creditors will assess benefits like reduced interest rates and waved late fees. It is essential that you make your payments on time every time. Some creditors can take up to three consecutive payments before they offer benefits.

It is most important to monitor your statements from your creditors each month. If you do not see benefits applied by the time you have made your 4th payment on the program, please contact us. It is also important that you monitor the statement that AFS sends you each month - this will show the payments we are making on your behalf.

The collection calls should stop after your 3rd payment has posted with your creditors. Try to be patient during the first 3 months. Advise collectors that you are working with AFS. If they are particularly persistent, provide them with the number to our Creditor Services Department, 1-888-282-5491. They can call this number to verify that you are enrolled on the program and when to expect your first payment.

Monitor your statements carefully each month. When you see that an account is about to be paid in full, contact us so that we may set up the pay off and allocate the funds to another one of your creditors. Make all of your payments through the program, including the last one.

By following the advice above you will be well on your way to becoming debt free!

The following links will help you make informed decisions about choosing a credit counseling agency:

1-888-282-5899 Ask One of Our Friendly Experts. Call Now!

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Not all services available in all states. Fees may apply for certain services, including debt management plan services. Eligibility requirements, terms and conditions apply. Individual results may vary depending upon a number of factors, including creditor participation and your financial situation. Establishment of a debt management plan may adversely affect your credit rating or credit score. Nonpayment of debt may lead creditors to increase finance and other charges or undertake collection activity, including litigation. Ask us for details. We have recently made some changes to our Privacy Policy, please click on the Privacy Policy link above to view these changes.

Mississippi Licensed Debt Management Service Provider, Licensed by Vermont Department of Banking. Licensed by the New York Department of Banking. NOT A LOAN COMPANY - WE DO NOT LEND MONEY. The Commissioner of Financial Regulation for the State of Maryland will accept all questions and complaints from Maryland residents regarding American Financial Solutions (License No.14-18) at 500 North Calvert Street, Room 402, Baltimore, MD 21202, phone number 1-888-784-0136. Corporate Address: AFS 2815 2nd Ave., Suite 280, Seattle, WA 98121. Counseling Center Located at 263 4th Street, Bremerton WA 98337. Copyright © 2006 - American Financial Solutions is a division of the North Seattle Community College Foundation.