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Debt Management Plan

A female GreenPath counselor wearing a headset and speaking to a client.

Are you tired of living with the stress and anxiety that goes along with credit card debt?  Stop suffering.  Accel specializes in working with members to eliminate credit card debt. 

If you want to eliminate credit card debt and reduce financial stress, you may find debt relief through Accel’s Debt Management Plan.  If appropriate for your situation, we will contact your creditors to propose mutually agreeable debt repayment terms.  Accel sets itself apart by offering a "full-service" program that can include both secured and unsecured debt.

A female GreenPath counselor talks to a consumer and enters data at her workstation.

The Debt Management Plan may:
•    Stop collection calls
•    Lower interest rates
•    Lower monthly payments
•    Waive late fees and over limit fees

People often struggle to eliminate credit card debt.  They make monthly payments, but their balances don't decrease because they incur additional interest charges, late fees and over limit fees. They feel like they're on a debt treadmill --- working hard, but making little progress.

An Accel Debt Management Plan could enable you to pay off your credit card debt quicker, while saving lots of money in reduced interest charges. You would consolidate debts into one payment to us.  We use that money to pay your creditors on your behalf.

This isn’t debt settlement.  You will pay off credit card debt balances within five years.  And, if we can lower your interest rates, the total amount you pay to the credit card companies will typically be much less than if you paid on your own.


Suze Orman discusses Credit Counseling, Debt Management and Debt Settlement.


GreenPath Frequently Asked Questions Graphic

Which creditors do you work with?
All of the major credit card companies offer debt repayment concessions through GreenPath's Accel program on a case-by-case basis.  We work with most creditors throughout the U.S., including banks, credit unions, retailers, medical providers, auto finance and collection agencies.  However, creditors typically offer debt repayment concessions only on unsecured debt such as credit cards.

How much does a Debt Management Plan cost?
Nothing, it's free!  Because your credit union is partnered with Accel, all Debt Management Plan fees are waived.

Can I still use my credit cards on a Debt Management Plan?
Credit cards on the Debt Management Plan must be closed.  However, creditors will usually allow you to continue using one credit card for emergencies and travel purposes.

Does Accel work for the credit card companies?
Absolutely not.  GreenPath is a neutral third-party, and our Accel program works in your best interest.  Many creditors support our work because they believe it is a “win-win” solution that results in positive, long-term outcomes for them and their customers.

Will a Debt Management Plan hurt my credit score?
The Debt Management Plan itself is not reported to credit bureaus and does not factor directly into credit scores.  Your score may initially dip when lines of credit are closed.  However, many people on a Debt Management Plan see their scores increase over time as they make on-time payments each month.

How long will it take to pay off my credit card debt?
The length of a Debt Management Plan varies based on your unique situation.  Clients that eliminate credit card debt usually do so in three to five years.

Am I required to sign a contract if I begin a Debt Management Plan?
You will not be asked to sign a binding contract.  You would sign an agreement that specifies the program details and gives us permission to pay bills on your behalf.  However, the agreement is not a binding contract and you can stop the program at any time.

Can I contact someone if I have questions or concerns about my Debt Management Plan?
Yes, absolutely.  We will periodically contact you to see how you’re doing.  But you may contact your personal counselor or account maintenance coordinator at any time for any reason.