Debt Management Program

The Debt Management Program (DMP) is a free service provided to members as a benefit of the Accel partnership. Members who are having difficulty paying bills or staying current on credit cards may sign up for this valuable service. Accel counselors will contact creditors on your behalf to negotiate concessions and/or work out loan payment agreements. Typically, credit card companies will agree to lower interest rates, eliminate late fees, and cease collection activity. This means that more of your payment goes toward reducing credit card debt. Accel's debt management program can assist you with all of your debts, not just the credit cards.

While enrolled in the program, you make one affordable, consolidated deposit to Accel with each paycheck --- and we pay your creditors. We will create a deposit schedule that ensures all payments are received by your creditors prior to the due dates.

Through our disbursement process, payments are sent out daily (electronically via ACH whenever possible). Members participating in a DMP are required to close all unsecured accounts and are typically debt-free within 60 months.

Making timely creditor payments is the most effective way to improve your credit score. We'll take care of that for you while you attend to the other matters of your life.

We start with a free consultation, a debt counseling session, where we work with you to thoroughly assess your household income and expenses. We find places for you to save and develop a customized budget and action plan to achieve your financial goals. The Accel financial counselor will be happy to discuss all of your financial options so that you understand the pros and cons of those options and can make an informed decision that is right for you.